Max Healthcare to buy 64% stake in Jaypee Healthcare
Business Standard|September 14, 2024
Delhi-based hospital major Max Healthcare Institute on Friday announced a strategic collaboration agreement with Lakshdeep Group to acquire a 64 per cent stake in Jaypee Healthcare (JHL), which is undergoing Corporate Insolvency Resolution Process (CIRP).
SANKET KOUL

The acquisition is based on an enterprise value of ₹1,660 crore.

"Under the agreement, Max Healthcare shall organise debt for repayment of admitted claims of financial creditors of Jaypee Healthcare and proposes to simultaneously acquire a 64 per cent stake in the company, with a call and put option for the remaining stake," the company said in a regulatory filing.

JHL reported revenue of ₹421 crore and Ebitda of ₹70 crore for FY24. It is estimated that JHL's total debt (including interest component) is around 1,000 crore or so.

Max Healthcare stock was down 0.57 per cent on BSE on Friday at 907.4 apiece.

この記事は Business Standard の September 14, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Business Standard の September 14, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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