According to block deal data with the BSE, KKR, through its affiliate Kayak Investments Holding Pte. Ltd, sold a total of 26,01,96,762 equity shares, amounting to 27 per cent stake in the company.
Max Healthcare Institute Ltd completes sale of shares to achieve Minimum Public Shareholding equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Bought by: SBI MF
Besides the qualified institutional placement (QIP), a key factor which has caught fund manager’s attention towards the stock of Max Healthcare is its buying of 42.8 per cent stake in Saket City Hospitals (South Delhi) from Kayak Investments Holding. The company already had 57.2 per cent in Saket City Hospitals. This increase in stake has come at a time India’s healthcare sector is growing given the increasing demand for beds and other ailments associated with the pandemic. The company has 16 healthcare facilities. Analysts estimate that the company is likely to maintain its return on capital employed in the range of 24-25 per cent for the next one year given its strong presence in metros, relatively high free cash flows and improving occupancy levels.