Max Healthcare Institute soars on inking pact to acquire controlling stake in Kalinga Hospital
Max Healthcare Institute is currently trading at Rs. 944.35, up by 12.00 points or 1.29% from its previous closing of Rs. 932.35 on the BSE.
The scrip opened at Rs. 948.00 and has touched a high and low of Rs. 952.60 and Rs. 940.00 respectively. So far 1377635 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1314.30 on 04-Jul-2025 and a 52 week low of Rs. 903.50 on 07-Apr-2026.
Last one week high and low of the scrip stood at Rs. 959.95 and Rs. 903.50 respectively. The current market cap of the company is Rs. 91577.41 crore.
The promoters holding in the company stood at 23.72%, while Institutions and Non-Institutions held 71.76% and 4.52% respectively.
Max Healthcare Institute (MHIL) has entered into a share purchase agreement (SPA) to acquire controlling stake in Kalinga Hospital (KHL) from Hospital Corporation of Orissa Inc. Under the agreement, MHIL shall acquire 58.4% stake in KHL at an equity value of Rs 300 crore (including control premium).
The 250 bed NABH accredited hospital is built on a around 10-acre land parcel at Maitri Vihar, Bhubaneswar, a prime location in the heart of the city. Spread over around 2,60,000 sq. ft., the hospital provides multidisciplinary care across major specialties, including Neurology, Cardiology, Orthopaedics, Gastroenterology, Renal Sciences and Oncology; backed by diagnostics and equipped with a 128-slice CT scanner, 1.5T MRI, and Cath Lab, etc. The acquisition of KHL will lead to expansion of company’s footprint in the country. Kalinga Hospital being a running hospital, will also add revenue and profitability to the Group. The said acquisition is expected to be completed within 4-6 weeks from execution of SPA.
