In a significant development, Max Healthcare has announced the completion of its acquisition of Jaypee Healthcare Limited (JHL), achieving full ownership of the healthcare entity. This acquisition, which took place on November 11, 2024, at 5:51 PM IST, involved the purchase of the remaining 36.35% equity stake in JHL, totaling 15,53,90,769 shares.
The aggregate consideration for this transaction amounted to approximately ₹227 crore. With this acquisition, Jaypee Healthcare has now become a wholly-owned subsidiary of Max Healthcare.
The move aligns with the company’s strategy for the revival and turnaround of Jaypee Healthcare, as previously disclosed in communications on September 13, September 26, October 4, and October 17, 2024. This acquisition is expected to enhance the Max Healthcare’s portfolio, positioning it for potential growth and development in the healthcare sector. Further updates on the integration and strategic plans for JHL will be provided as the Company advances its efforts in revitalizing the healthcare entity.
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