Apollo Hospitals sold a Rs 1,489.33 crore stake via a block deal, cutting promoter debt and pledges substantially.

• Deal priced at Rs 7,850 per share, about 1% discount to the previous close on the market.
• Promoter Group's holding falls to roughly 28%, down from 29.3%, easing control concerns for investors.
• Pledged shares drop from 13.1% to about 2%, fulfilling the pledge, and reducing the commitment by the company today.