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
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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.
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First Published: Sep 13 2024 | 3:15 PM IST