Apollo Hospitals’ Reddy May Buy Part of Stake Owned by Apax

Prathap C. Reddy, founder and chairman of Apollo Hospitals Enterprise Ltd., said he may purchase part of the stake held by private-equity fund Apax Partners LLP in India’s biggest healthcare chain.

Reddy plans to raise his holdings in his company by buying shares either from the secondary market or purchasing 5 percent of equity from London-based Apax, Reddy said in an interview in the southern city of Chennai today. Apax owned 9.67 percent of Apollo as of September 2012, according to data compiled by Bloomberg.