Max Healthcare Institute Limited has informed the Exchange about update on acquisition of controlling stake in 250 bed Kalinga Hospital Ltd.

Listed Co AcquisitionStrategic Transactions View source PDF

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AI summary

Max Healthcare Institute Limited has completed the acquisition of ~58.28% equity stake in Kalinga Hospital Ltd. (KHL) for an aggregate consideration of approximately ₹297.97 crore. The acquisition was financed through a Senior Secured Term Loan of up to ₹300 crore obtained via External Commercial Borrowings. KHL operates a 250-bed Multi-Specialty Hospital named 'Kalinga Hospital' in Bhubaneswar, Odisha. With this acquisition, KHL has become a subsidiary of Max Healthcare Institute Limited. The company received credit confirmation of equity shares at 5.18 pm IST on May 18, 2026. This update follows the board approval announced on April 8, 2026.

Likely market impact

The acquisition adds a new subsidiary and expands Max Healthcare's footprint in Odisha, strengthening its presence in the eastern region. The deal size of ~₹298 crore with debt financing indicates strategic growth through leverage.