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Monday, December 23, 2024 | 05:28 PM ISTEN Hindi

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Radiant Life, KKR to take majority stake in Max Healthcare via merger

Newly listed combined entity, with equity valuation of Rs 72.42 bn to be promoted by Abhay Soi, co-promoted by KKR; Max India to demerge non-healthcare biz into a new listed entity

Max Hospitals
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Soi is expected to be the KKR’s key representative to oversee the running of the business with Max management

BS Web Team New Delhi
Radiant Life Care Private Limited, a leading Indian hospital management company promoted by Abhay Soi and backed by global investment firm KKR, has entered into a transaction under which its shareholders will acquire a majority stake in Max Healthcare Institute Limited from Max India Limited. 

According to a press release issued by Radiant Life Care on Monday, the acquisition will be undertaken through a series of transactions, including Radiant’s purchase of a 49.7 per cent stake in Max Healthcare from South Africa-based hospital operator Life Healthcare in an all cash deal, followed by demerger of Radiant’s healthcare assets

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