3.75 (0.36%) Max Healthcare Institute has secured approval to enter into share purchase agreement (SPA) for acquisition of 100% equity stake in Yerawada Properties (YPPL), Pune, Maharashtra. The board of directors of the company in their meeting held on December 18, 2025 have approved the same. The purchase of equity stake shall be carried out in a step-up manner and shall conclude upon receipt of Occupancy Certificate for the hospital building planned to be constructed on land owned by YPPL. In the first tranche, the company shall acquire 100% of the Class A equity shares representing 100% of the voting rights and around 50.22% of the economic interest in YPPL. Further, the company shall acquire 100% Class B Equity Shares in a phased manner over a period of around 4 years.
Additionally, the board has accorded its approval for setting up a around 450 bedded super speciality hospital on the said land, at an aggregate spend of up to Rs 1,020 crore (including YPPL shares acquisition, construction, equipment cost, stamp duty, registration charges, etc.). The proposed capacity will be added over the next about 4 years.
Max Healthcare Institute offers healthcare services through its various facilities in Delhi and the National Capital Region, and facilities in Mohali and Bathinda.