Overview

• Suneeta Reddy plans to offload 18 lakh shares via one or more block deals on Friday, totaling Rs 1,394.5 crore.
• The floor price is Rs 7,747 per share, a 2.26% discount to Thursday’s close of Rs 7,926.50.
• Morgan Stanley is the sole bookrunner responsible for executing the transactions.
• The term sheet states there will be no pricing guidance until shares are crossed on the exchange and no assurance that orders will be filled in part or full.
• BSE records show she holds 48.34 lakh shares (3.36%), while Apollo has reported a 42% YoY rise in Q1 net profit and is pursuing a HealthCo–Keimed merger with a targeted listing in 15–18 months.