Update on acquisition of controlling stake in 250 bed Kalinga Hospital Ltd.

Listed Co AcquisitionStrategic Transactions View source PDF

MAXHEALTH · price

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AI summary

Max Healthcare Institute Ltd has completed the acquisition of ~58.28% equity stake in Kalinga Hospital Ltd (KHL), which operates a 250-bed Multi-Specialty Hospital in Bhubaneswar, Odisha. The aggregate consideration for this controlling stake was approximately ₹297.97 Crore. The acquisition was financed through a Senior Secured Term Loan of up to ₹300 Crore in the form of External Commercial Borrowings. With this completion, KHL has become a subsidiary of Max Healthcare. The company received credit confirmation of equity shares of KHL on May 18, 2026.

Likely market impact

This acquisition strengthens Max Healthcare's presence in Odisha and adds a 250-bed hospital to its network, expanding its operational footprint. KHL becoming a subsidiary means its financials will now be consolidated with Max Healthcare.