KKR to sell its 27% stake in Max Healthcare.


Aug 15, 2022 05:24 pm

US private equity giant KKR will be selling its entire 27 percent stake in hospital chain Max Healthcare on August 16, in the wake of raising Rs 9,000 crore through the sale.


The stake sale, via a block deal, will be executed through Kayak Investment, which is the KKR-affiliated entity that has invested in the healthcare company.


The company would be offloading a total of 26.7 crore shares it holds in Max Healthcare, at a price band of Rs 350-361.9 per share, as per the deal terms released on August 15.


The base offer is for around 20 percent stake or 19.3 crore shares, and the upsize option is for the remaining 6.83 percent stake or 6.6 crore shares, it added. The total deal value is estimated to be of approximately Rs 9,416 crore at the upper end.