Max Healthcare Institute Ltd.

Max Healthcare Institute (MHIL) has entered into a Share Purchase agreement (SPA) and a Shareholders’ agreement (SHA) and other definitive agreements for acquisition of equity stake in Eqova Healthcare (Eqova) in a phased manner. Pursuant to the SPA, the Company shall acquire 26% stake of Eqova on or before the Closing Date in terms of the SHA. Further, the Company and the other shareholders of Eqova have entered into certain call / put option agreement in relation to the balance shares of Eqova.

In accordance with the applicable provisions of law, the consideration for the acquisition of tranche 1 shares is Rs 47.18 crore.

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