Max healthcare acquires 64 pc stake in Jaypee healthcare at an enterprise value of Rs 1660 crore
Max Healthcare on Friday announced the acquisition of a 64 per cent stake in the Jaypee Healthcare, the company informed the exchange in a filing on Friday.
The company also proposed to acquire the remaining stake of around 36 per cent through option agreement.
«The Company, as strategic partner under the aforesaid arrangement, shall enter into an agreement to acquire around 64 per cent equity stake of JHL within 30 days of NCLAT order. The company proposes to enter into option agreement for the acquisition of the remaining around 36 per cent equity stake,» said Max healthcare.
Max Healthcare stated that it entered a strategic collaboration with Lakshdeep Group, the promoter of Jaypee Healthcare Ltd. (JHL), to acquire a controlling stake in JHL, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP).
Under the agreement, Max will acquire the 64 per cent stake of Jaypee at the enterprise value of Rs 1660 crore.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, Developer and Lead Instructor
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrow's Innovations
By — Metla Sudha Sekhar, Developer and Lead Instructor
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
By — Metla Sudha Sekhar, Developer and Lead Instructor
Artificial Intelligence(AI)
Mastering C++ Fundamentals with Generative AI: A Hands-On
By — Metla Sudha Sekhar, Developer and Lead Instructor
Artificial Intelligence(AI)
