{"id":59016,"date":"2022-08-17T13:48:00","date_gmt":"2022-08-17T08:18:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=59016"},"modified":"2022-08-17T13:46:39","modified_gmt":"2022-08-17T08:16:39","slug":"biz-max-healthcare-kkr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-max-healthcare-kkr\/","title":{"rendered":"KKR sells 27% stake in Max Healthcare Institute for over Rs 9,100 crore"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2849161396\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The US private equity major KKR on Tuesday sold 27 per cent stake in hospital chain Max Healthcare Institute for Rs 9,185 crore through open market transactions.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3710739935\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The shares were picked up by a host of entities, including the Government of Singapore, Monetary Authority of Singapore,\u00a0Smaller Cap World Fund Inc,\u00a0New World Fund Inc, WF Asian Smaller Companies Fund Ltd and BNP Paribas Arbitrage.<\/p>\n<p>According to block deal data with the BSE, KKR, through its affiliate Kayak Investments Holding Pte. Ltd, sold a total of\u00a026,01,96,762 equity shares, amounting to 27 per cent stake in the company.<\/p>\n<p>The shares were offloaded at an average price of Rs 353 apiece, valuing the transactions at Rs\u00a09,184.94 crore.<\/p><div class=\"trade-content_5\" id=\"trade-1949747613\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Shares of\u00a0Max Healthcare rose around 10 per cent to settle at Rs 396.70 apiece on BSE. During intra-day session, the scrip touched a high of Rs 404.6 and a low of Rs 353.<\/p>\n<p>KKR has been divesting its stake in Max Healthcare from the last one year. Its stake in the company dropped to 27.54 per cent stake at the end of June 2022 from 47.24 per cent stake at the end of June 2021.<\/p>\n<p>In 2018, KKR-backed hospital management firm Radiant Life Care had announced a multi-layered deal to eventually acquire a majority stake in Max Healthcare Institute. PTI SP RAM<\/p>\n<div class=\"trade-after-content\" id=\"trade-2751776175\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The US private equity major KKR on Tuesday sold 27 per cent stake in hospital chain Max Healthcare Institute for Rs 9,185 crore through open market transactions. The shares were picked up by a host of entities, including the Government of Singapore, Monetary Authority of Singapore,\u00a0Smaller Cap World Fund Inc,\u00a0New World Fund Inc, WF Asian [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":58102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-59016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>KKR sells 27% stake in Max Healthcare Institute for over Rs 9,100 crore - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-max-healthcare-kkr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KKR sells 27% stake in Max Healthcare Institute for over Rs 9,100 crore\" \/>\n<meta property=\"og:description\" content=\"The US private equity major KKR on Tuesday sold 27 per cent stake in hospital chain Max Healthcare Institute for Rs 9,185 crore through open market transactions. 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