Singapore’s sovereign wealth fund GIC and US monetary providers firm Capital Group had been amongst others to purchase international funding agency KKR’s whole 27.54 per cent stake in Max Healthcare Institute. Several home institutional buyers had been additionally a part of the block deal, which was struck on Tuesday.
US personal fairness main KKR, which was the biggest shareholder, exited the New-Delhi based mostly hospital chain for about Rs 9,290 crore. Max Healthcare’s shares soared as excessive as 12 per cent intra-day and closed up 9.72 per cent at Rs 396.70. KKR, which held the stake by way of an affiliate agency Kayak Investments Holding, bought its whole 267 million shares. Sources mentioned the sale was at Rs 353 a share.
