Max Healthcare Institute Ltd.

The US private equity major KKR has divested 27 per cent stake in hospital chain Max Healthcare Institute for Rs 9,185 crore through open market transactions. According to block deal data with the BSE, KKR, through its affiliate Kayak Investments Holding, sold a total of 26,01,96,762 equity shares, amounting to 27 per cent stake in the company.

The shares were offloaded at an average price of Rs 353 apiece, valuing the transactions at Rs 9,184.94 crore. The shares were picked up by a host of entities, including the Government of Singapore, Monetary Authority of Singapore, Smaller Cap World Fund Inc, New World Fund Inc, WF Asian Smaller Companies Fund and BNP Paribas Arbitrage.

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