Apax sells stake in India's Apollo Hospital for $90 mln - source

Thu, Feb 28, 2013 at 14:22

APAX-APOLLO-SHARE-SALE:Apax sells stake in India's Apollo Hospital for $90 mln - source

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APAX-APOLLO-SHARE-SALE:Apax sells stake in India's Apollo Hospital for $90 mln - source

Like this story, share it with millions of investors on M3

Apax sells stake in India's Apollo Hospital for $90 mln - source

APAX-APOLLO-SHARE-SALE:Apax sells stake in India's Apollo Hospital for $90 mln - source

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By Indulal PM

MUMBAI (Reuters) - British private equity firm Apax Partners LLP raised $90.2 million after selling a 4.2 percent stake in Apollo Hospitals Enterprise Ltd

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highlights

No case to revise direct tax rates, slabs: FM
Super rich tax: 10% surcharge on income above Rs 1 cr: FM
Increase excise duty on SUV's from 27% to 30%: FM
No change in standard rate of excise duty, service tax: FM

Budget Reaction: Pawan Goenka Says Do Not Expect Much Change In Projection For The Auto Sector
Budget Reaction: Pawan Goenka Says Diesel Tax Not Being Implemented Is Good News
Budget Reaction: Pawan Goenka Says Do Not Agree With Excise Duty Hike On SUVs
Budget Reaction: Pawan Goenka Says Not Happy No Incentive For Electric Vehicles

GAAR-Presumes tax benefit unless proved contrary
MFs covered for deductions u/s 80CCG
Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
ED on readymade garments exempted: positive textile sector

SECTOR IMPACT

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Computers - Hardware
Computers - Software - Training
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Textiles - General

Textiles - General

13:53 pm

Exice Duty on readymade garments exempted +ve for textile sector

EXPECTATIONS

expectation on: Business

Uday Kotak

Executive Vice-Chairman and Managing Director | Kotak Mahindra Bank

expectation on: Policy

Vetri Subramaniam

CIO | Religare Mutual Fund

expectation on: Markets

Raamdeo Agrawal

Joint MD | Motilal Oswal

expectation on: Markets

Atul Suri

NULL | Trader

expectation on: Policy

Pankaj Vaish

Head South Asia Markets | Citi

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