Max Healthcare Institute acquires 64% stake in Jaypee Healthcare Ltd for ₹1,660 crore amid insolvency proceedings.

Max Healthcare Institute is acquiring a 64% stake in Jaypee Healthcare Ltd for ₹1,660 crore amid the latter's ongoing corporate insolvency proceedings. This acquisition includes Jaypee's flagship 500-bed hospital in Noida and aims to enhance Max's presence in the National Capital Region. The deal involves securing up to ₹1,000 crore in short-term loans to manage Jaypee's existing debt and is expected to finalize within 30 days, pending regulatory approval.

September 13, 2024
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