Acquisitions18 Dec 2025, 11:14 am
Max Healthcare to Acquire 100% Stake in Yerawada Properties for a ~450 Bedded Super Speciality Hospital in Pune
AI Summary
Max Healthcare Institute Ltd has approved the proposal to enter into a share purchase agreement (SPA) for acquiring 100% equity stake in Yerawada Properties Private Limited (YPPL), Pune, Maharashtra. The acquisition will be carried out in a step-up manner and will conclude upon receipt of the Occupancy Certificate for the hospital building. 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. Additionally, the Board has 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. The acquisition is expected to be completed over the next ~4 years.
Key Highlights
- Max Healthcare to acquire 100% equity stake in Yerawada Properties Private Limited
- Acquisition to enable setting up of a ~450 bedded super speciality hospital in Pune
- Initial tranche of acquisition to be ~50.22% of the economic interest in YPPL
- Total spend for the hospital setup including acquisition, construction, equipment cost, etc. to be up to ~1,020 Crore
- Acquisition and hospital setup expected to be completed over the next ~4 years