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Max India said on Friday that it will acquire Warburg Pincus stake in Max Healthcare for about Rs 140 crore. The company’s board of directors has approved the acquisition of the entire shareholding of 16.37 per cent held by Warburg Pincus group.
Max India will acquire 47,617,924 equity shares of Rs 10 each of MHC at an acquisition price of Rs 29.40 per share, according to information given by the company to the stock exchange.
The acquisition of shares is expected to be completed by December 15 after the receipt of all regulatory approvals. This will take Max India’s equity shareholding in MHC to 91.84 per cent.
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