Max to acquire 64% stake in Jaypee Healthcare

JHL also owns a 100-bed hospital spread over 2.35 acre at Anoopshahar, which is currently non-operational

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.