Max Healthcare to acquire 58.39% stake in Kalinga Hospital for ₹300 Cr
Max Healthcare will acquire a 58.39% stake in Kalinga Hospital Ltd. for ₹300 Crore. The company will also provide a ₹100 Crore loan for upgrades and secure a $5 Million corporate guarantee. Max Healthcare has approved a ₹300 Crore External Commercial Borrowing for the acquisition. Mr. Narayan K. Seshadri's re-appointment as Director was also approved.
The acquisition of a controlling stake in a hospital and the significant fundraising involved will have a substantial impact on Max Healthcare's market presence and financial structure.
The acquisition of Kalinga Hospital and the associated fundraising are positive developments that are expected to expand the company's reach and profitability.
Max Healthcare Institute Limited (MHIL) has announced its decision to acquire a controlling stake of approximately 58.39% in Kalinga Hospital Ltd. (KHL) for an equity value of ₹300 Crore. Kalinga Hospital is a 250-bed multi-specialty hospital located in Bhubaneswar, Odisha.
The acquisition aims to expand Max Healthcare's network and footprint in Eastern India. The company also plans to provide loans up to ₹100 Crore to KHL for renovation and upgradation of its facilities. Additionally, Max Healthcare will issue a corporate guarantee of $5 Million to a bank for the refinancing of KHL's existing promoter's External Commercial Borrowings.
To finance this acquisition, Max Healthcare has approved a Senior Secured Term Loan of up to ₹300 Crore in the form of External Commercial Borrowings from Standard Chartered Bank. The Board of Directors also approved the re-appointment of Mr. Narayan K. Seshadri as a Non-Executive and Non-Independent Director for a further period of three years, effective from May 16, 2026, subject to member approval.
The acquisition is expected to be completed within 4-6 weeks from the execution of the Share Purchase Agreement. Kalinga Hospital, operational since 1997, is NABH accredited and offers comprehensive super-specialty services. The hospital is situated on approximately 10 acres of land and has a built-up area of around 2,60,000 sq ft, with potential for future expansion.
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Max Healthcare Institute Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Max Healthcare Institute Limited. Read the original for the full detail.