Max Healthcare gains on stock market debut, hits 5% upper limit

At close, the company is valued at Rs 10,108 crore; firm has been created following demerger of Max India's hospital business and subsequent merger of Radiant Life Care

Shares of Max Healthcare Institute hit 5 per cent upper limit during their stock market debut on Friday.

Shares of Max Healthcare ended at Rs 111.8, after hitting the 5 per cent upper limit over the discovered price. At the last close, the company is valued at Rs 10,108 crore.

The company has been created following the demerger of Max India’s hospital business and the subsequent merger of Radiant Life Care.

The subsequent pooling of hospital assets of the two group have helped create India’s second-largest hospital chain after Apollo Hospitals.