Max Healthcare Institute gains on acquiring additional stake in Sandhya Hydro
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Max Healthcare Institute is currently trading at Rs. 763.00, up by 4.40 points or 0.58% from its previous closing of Rs. 758.60 on the BSE.
The scrip opened at Rs. 768.95 and has touched a high and low of Rs. 769.45 and Rs. 759.50 respectively. So far 11773 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 909.00 on 13-Feb-2024 and a 52 week low of Rs. 435.10 on 25-Apr-2023.
Last one week high and low of the scrip stood at Rs. 824.35 and Rs. 748.45 respectively. The current market cap of the company is Rs. 74152.06 crore.
The promoters holding in the company stood at 23.75%, while Institutions and Non-Institutions held 72.29% and 3.96% respectively.
Max Healthcare Institute has acquired additional 7,76,601 equity shares of Sandhya Hydro Power Projects Balargha (Sandhya Hydro) at par for a consideration of Rs 77,66,010 representing around 3.33% equity stake. Post this investment, the Company holds around 5.51% equity stake in Sandhya Hydro.
Earlier, the company had received approval from Board of Directors to acquire stake in Sandhya Hydro.
Max Healthcare Institute offers healthcare services through its various facilities in Delhi and the National Capital Region, and facilities in Mohali and Bathinda.
