Acquisitions28 Jan 2025, 03:30 am
Max Healthcare Acquires Additional Equity Stake in Starlit Medical Centre for Up to INR 150 Crores
AI Summary
Max Healthcare Institute Ltd has completed the acquisition of additional equity stake in Starlit Medical Centre Private Limited. This decision was initially approved by the Board of Directors of Crosslay Remedies Limited, a wholly-owned subsidiary of the Company, in August 2024. The acquisition was carried out for a consideration of up to INR 150 Crores through a rights issue of Starlit, which is also a wholly-owned subsidiary of Crosslay. This information was disclosed by the Company on January 27, 2025.
Key Highlights
- Max Healthcare Institute Ltd has completed the acquisition of additional equity stake in Starlit Medical Centre Private Limited.
- The acquisition was carried out for a consideration of up to INR 150 Crores through a rights issue of Starlit.
- The decision was initially approved by the Board of Directors of Crosslay Remedies Limited in August 2024.
- Starlit Medical Centre Private Limited is a wholly-owned subsidiary of Crosslay Remedies Limited.
- The acquisition was completed on January 27, 2025.