Saturday, March 15, 2025 | 10:57 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

IFC to invest $75 million in Max Healthcare via NCDs

Max Healthcare Institute Ltd will acquire balance stake in Saket City Hospital Private Limited

operation, hospital
Premium

Photo: Shutterstock

T E Narasimhan Chennai
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in