Max Healthcare Acquires 50.22% Stake in Yerawada Properties, Pune

Max Healthcare Institute Ltd has acquired approximately 50.22% of the economic interest and 100% of the voting rights in Yerawada Properties Private Limited (YPPL), Pune. This acquisition, completed as the first tranche of conditions precedent, makes YPPL a subsidiary of Max Healthcare. The company is also planning to set up a ~450-bedded super speciality hospital on land owned by YPPL. This move is a step towards expanding Max Healthcare's presence and service offerings in Pune.