Max Healthcare Institute Ltd.

BSE: 543220 | NSE: MAXHEALTH
Large Cap | Hospital & Healthcare Services
1036.55
3.75 (0.36%)
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Max Healthcare’s arm gets nod to acquire additional equity stake Starlit Medical Centre

Date: 01-08-2024

Max Healthcare Institute’s wholly-owned subsidiary -- Crosslay Remedies has received approval to acquire additional equity stake for consideration up to Rs 150 crore by way of subscribing to rights issue of Starlit Medical Centre (Starlit), wholly-owned subsidiary of Crosslay. These funds will be used for ongoing capital expenditure and repayment of part of loan from Crosslay. The said acquisition is expected to be completed in up to 6 months. The Board of Directors of the company, in meeting held on August 1, 2024 has approved the same. 

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