Max Healthcare Institute Ltd has lined up around $325 million to acquire balance stake in Saket City Hospital Private Limited (SCH), and for the capital expansion of Max Healthcare Institute Limited (MHIL).
The proposed investment will be backed by IFC.
The total project cost is approximately $325 million. The proposed IFC's investment comprises subscription of upto Rs 487.5 crore ($75 million) in secured non-convertible debentures (NCDs) of MHIL. The project also comprises acquisition of balance 49 per cent of Saket City Hospital Private Limited, according to IFC.
MHIL is exploring possibilities to fund the acquisition from overseas market but External