Max Healthcare to Acquire 100% Stake in Yerawada Properties for ₹ 64.40 Crores, Plans to Set Up 450-Bedded Super Speciality Hospital in Pune

Max Healthcare Institute Ltd has announced the approval of a proposal to acquire 100% equity stake in Yerawada Properties Private Limited (YPPL) for approximately ₹ 64.40 Crores. The acquisition will be carried out in a step-up manner and will conclude upon receipt of the Occupancy Certificate for the hospital building planned to be constructed on the said land. The company will initially acquire 100% of the Class A equity shares representing 100% of the voting rights and ~50.22% of the economic interest in YPPL. The Board has also approved setting up a 450-bedded super speciality hospital on the land owned by YPPL, at an aggregate spend of up to ₹ 1,020 Crore (including YPPL shares acquisition, construction, equipment cost, stamp duty, registration charges, etc.). The proposed transaction is not a related party transaction and does not require any government or regulatory approvals. The hospital is expected to cater to the healthcare needs of the population living in Pune and surrounding regions.