12:17 IST
BSE
Board Meeting Outcome
Max Healthcare Institute Board Meeting Outcome
Max Healthcare's board approved the acquisition of a 58.39% stake in Kalinga Hospital, Bhubaneswar, for ₹300 Crore. The deal includes a ₹100 Crore loan and $5 Million corporate guarantee for the target. Expansion into Eastern India will be funded via a ₹300 Crore External Commercial Borrowing from Standard Chartered Bank.
- Value
- ₹706.5 Cr
- Execution
- 4-6 weeks