Apax sells stake in Apollo Hospital for $90 mln - source

Last Updated: Thu, Feb 28, 2013 05:24 hrs

MUMBAI (Reuters) - British private equity firm Apax Partners LLP raised $90.2 million after selling a 4.2 percent stake in India's Apollo Hospitals Enterprise Ltd through blocks of shares, a source with knowledge of the sale told Reuters on Thursday.

The sale comes after Apax had sold a 4.8 percent stake in Apollo earlier this month, raising about $97 million.

Apax still retains a stake of under 1 percent in Apollo, according to Reuters calculations. (Reporting by Indulal PM; Editing by Rafael Nam)

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