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Max India plans to acquire 3.75% stake in Max Healthcare

Max India is planning to acquire 3.75% equity share capital of Max Healthcare Institute held by International Finance Corporation, USA. The company’s board will meet on May 11 to consider the same.

The company’s board will also consider the issuance of Warrants convertible into shares/ equity shares on preferential basis to Promoters and /or Promoter Group of the Company at a price which shall not be less than the minimum price arrived at in accordance with the provisions of Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time.

Max India, a multi-business corporate, is part of the $2 billion Max Group and is the holding company for Max Healthcare, Max Bupa Health Insurance and Antara Senior Living.

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