Max Healthcare freezes at 5% upper circuit, debuts at Rs 112 on the BSE

In June, Max India said that the NCLT had approved the composite scheme of merger and demerger which involved a merger of the healthcare assets of Max India into Max Healthcare

Shares of Max Healthcare Institute listed at the bourses at Rs 112 per share -- at Rs 112.3 on the BSE and Rs 111.7 on the NSE -- on Friday. The shares were locked in the 5 per cent upper circuit band with a combined 0.82 million shares changing hands within the initial minutes of trade.

In June, Max India informed the exchanges that the National Company Law Tribunal (NCLT) had approved the composite scheme of merger and demerger which involved a merger of the healthcare assets of Max India into Max Healthcare and demerger of the residual businesses of Max