 "Max hospital")
American private equity major KKR and Co will sell up to 26.83 per cent in Max Healthcare Institute for Rs 9,416 crore via block deals on Tuesday.
The offer, managed by Jeffries India and Kotak Securities, India, will mark the exit of KKR from the company.
According to the terms of the transaction, the shares will be sold at Rs 350 to Rs 362 a share — a discount of 3.29 per cent to its closing price on Friday. A host of mutual funds, insurance companies and other investors are expected to participate in the offer.
In March
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