KHAZANAH Nasional Bhd and its wholly-owned subsidiary Bisikan Bayu Investments (Mauritius) Ltd have purchased a 13.2% stake in Apollo Hospitals Enterprise Ltd, the largest private hospital group in India, for about RM165mil cash.
This investment was bought from TWL Holdings Ltd, a direct investment fund, Khazanah said in a statement yesterday. This confirms a July 16 Bizweek report that Khazanah eyed Apollo as an investment.
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