New Delhi: US private equity major KKR Sold 27 percent stake in the hospital chain on Tuesday Max Healthcare 9,185 crore institution through open market transactions. Shares were raised by a number of entities, including the Government of Singapore, the Monetary Authority of Singapore, Small Cap World Fund Inc., New World Fund Inc., WF Asian Small Companies Fund Ltd. and BNP Paribas Arbitrage.
As per the block deal data of BSE, KKR through its partner Kayak Investments Holding Pte. Ltd. sold a total of 26,01,96,762 equity shares, which is equivalent to 27 per cent stake in the company.
The shares were sold at an average price of Rs 353, the transaction value was Rs 9,184.94 crore.
Shares of Max Healthcare closed at Rs 396.70, up nearly 10 per cent on the BSE. During the intra-day session, the stock touched a high of Rs 404.6 and a low of Rs 353.
KKR has been selling its stake in Max Healthcare for the past one year. Its stake in the company declined to 27.54 per cent at the end of June 2022 from 47.24 per cent at the end of June 2021.
In 2018, KKR-backed hospital management firm Radiant Life Care had announced a multi-pronged deal to acquire a majority stake in Max Healthcare Institute.
As per the block deal data of BSE, KKR through its partner Kayak Investments Holding Pte. Ltd. sold a total of 26,01,96,762 equity shares, which is equivalent to 27 per cent stake in the company.
The shares were sold at an average price of Rs 353, the transaction value was Rs 9,184.94 crore.
Shares of Max Healthcare closed at Rs 396.70, up nearly 10 per cent on the BSE. During the intra-day session, the stock touched a high of Rs 404.6 and a low of Rs 353.
KKR has been selling its stake in Max Healthcare for the past one year. Its stake in the company declined to 27.54 per cent at the end of June 2022 from 47.24 per cent at the end of June 2021.
In 2018, KKR-backed hospital management firm Radiant Life Care had announced a multi-pronged deal to acquire a majority stake in Max Healthcare Institute.