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Max Healthcare to acquire controlling stake in Jaypee Healthcare for ₹1,660 crore
Jaypee Healthcare owns three hospitals in Uttar Pradesh, including the flagship 500-bed Jaypee Hospital in Noida, which is NABH and NABL accredited. Shares of Max Healthcare Institute Ltd ended at ₹907.40, down by ₹5.20, or 0.57%, on the BSE.
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Fri, Sep 13, 2024
Business Standard
Outcome of board meeting of Max Healthcare Institute
At meeting held on 13 September 2024
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Fri, Sep 13, 2024
Business Standard
Max Healthcare Institute inks deal to acquire controlling stake in Jaypee Healthcare
Max Healthcare Institute (MHIL) has entered into a Strategic Collaboration Agreement with Lakshdeep Group, the ultimate promoter group of Jaypee Healthcare (JHL) - which is undergoing Corporate Insolvency Resolution Process (CIRP). This Strategic Collaboration and proposed acquisition will give MHIL a controlling stake in JHL, including its flagship asset, the renowned 500-beds Jaypee Hospital, Noida.
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Fri, Sep 13, 2024
Business Standard
Max to acquire 64% stake in Jaypee Healthcare at Rs 1,660 cr valuation
Max Healthcare Institute on Friday said it will acquire 64 per cent stake in struggling Jaypee Healthcare for an enterprise value of Rs 1,660 crore. The company has entered into a strategic agreement with Lakshdeep Group, the promoter of Jaypee Healthcare Ltd (JHL) which is undergoing Corporate Insolvency Resolution Process (CIRP), Max Healthcare said in a regulatory filing. The collaboration and proposed acquisition will give Max Healthcare a controlling stake in JHL, including its flagship asset, the 500-bed Jaypee Hospital in Noida, it added. Under the agreement, Max shall organise debt for repayment of admitted claims of the financial creditors of JHL and proposes to simultaneously acquire 64 per cent stake in the company, with call and put option for the remaining stake, it said. The acquisition is based on an enterprise value of Rs 1,660 crore, reflecting JHL's strong market position, which includes two operational hospitals -- 500-bed Jaypee Hospital, Noida and 200-bed Jayp
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Fri, Sep 13, 2024
