Apollo Hospitals nets $160m from hot QIP

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By Jonathan Breen
20 Jan 2021

Apollo Hospitals Enterprise has raised around Rp11.7bn ($160m) from a qualified institutional placement, drawing a swell of demand that pushed pricing above the floor.

Left lead bookrunner for the QIP, Bank of America, launched the trade on Tuesday, working with bookrunning lead managers Axis Capital, JP Morgan and Kotak Mahindra Capital. 

The leads used a regulator-approved floor price of Rp2,508 per share, coming at a 5.2% discount to the stock’s Tuesday close at ...

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