Max India to buy more stake in Max Healthcare
Chennai: Informing BSE, Max India has stated it has started a discussion to acquire its South African JV partner's stake in its Indian hospital chain Max Healthcare Institute Ltd.
Both Max India and Life Healthcare Group, which is South Africa's second-largest hospital chain, have a 49.7% stake in Max Healthcare Ltd
In a filing with the BSE, Max India, said, "The Company's equal joint-venture partner in the healthcare business, Life Healthcare Group Holdings Limited, South Africa (Life Healthcare), has initiated preliminary discussions with the Company to explore the possibility of acquisition of Life Healthcare's shares in Max Healthcare Institute Limited by the Company.”
Below is the attachment for the same.