Last one week high and low of the scrip stood at Rs. 68.65 and Rs. 63.00 respectively. The current market cap of the company is Rs. 1778.57 crore. The promoters holding in the company stood at 40.93%, while Institutions and Non-Institutions held 43.61% and 15.46% respectively. Radiant Life Care, a leading Indian hospital management company promoted by Abhay Soi and backed by KKR, has completed the acquisition of 49.7% stake in Max Healthcare Institute, a joint venture between Max India and Life Healthcare, from South Africa-based hospital operator Life Healthcare. Abhay Soi will now lead Max Healthcare as Chairman of its Board and Executive Council.
As part of the transaction, Max India’s promoters have received an advance of Rs 361 crore from KKR in exchange for a 4.99% stake in the merged entity. Max India’s promoters have used the funds for deleveraging purposes. Max India is engaged in the business of investments and providing consultancy services to group companies. The company’s segments are Healthcare Business, Business Investments, Health Insurance, Senior Living and Others.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
