Jaypee Infratech Limited has sold 63.65% of its equity stake in Jaypee Healthcare Limited (JHL) to Max Healthcare Institute Limited for a total amount of ₹398 crore. The sale was part of a proposal submitted by Lakshdeep Investments and Finance Private Limited, the successful resolution applicant for Jaypee Infratech, to the Committee of Creditors (CoC).
The transaction was executed following the approval of the CoC and in line with the directions from the National Company Law Appellate Tribunal (NCLAT) on September 12, 2024. The process was completed on October 4, 2024, with the necessary documents being finalized and the transfer of shares to Max Healthcare Institute Limited.
This sale marks a significant development in the resolution process of Jaypee Infratech, ensuring compliance with legal directives and contributing to the restructuring efforts of the company.
