Max Healthcare Institute Ltd.

Max Healthcare Institute has raised Rs 1,200 crore via issue of securities. The company, which is the country's second largest private hospital chain, has raised the capital through qualified institutional placement (QIP). The company has issued 6,14,12,482 fresh equity shares of face value of Rs 10 per share at a price of Rs 195.40 per share.

The company proposes to utilise the net proceeds for meeting the capital expenditure and working capital requirements, including expansion of capacity, increasing stake in existing/future subsidiaries etc.

Max Healthcare Institute offers healthcare services through its various facilities in Delhi and the National Capital Region, and facilities in Mohali and Bathinda.