NEW DELHI: The domestic equity market is likely to see a negative opening on Monday, tracking weak global cues. Apollo Munich is a joint venture between Chennai-based Apollo Hospitals promoted by Prathap C Reddy and his family and Munich Re. The acquisition is a part of the Rs 295 crore investment approved by the board in February last year, towards this specialty business, the company said. The company's Rs 1,038.68 crore initial public offer (IPO), which was open for subscription from March 26-March 28, was subscribed 1.19 times. Wipro Airport IT Services is a joint venture (JV) between Wipro (74 per cent) and Delhi International Airport Ltd or DIAL that held 26 per cent stake.

Source: Economic Times April 09, 2018 03:01 UTC