Kayak Investments pares stake in Max Healthcare; sells 84.4 million shares – Business Standard

Kayak Investments Holding, Definitely one of many promoter entities of Max Healthcare Institute Ltd, on Wednesday purchased 8.44 crore shares of The agency for Rs 2,956 crore by way of open market transactions.

The shares have been pick…….

Kayak Investments Holding, Definitely one of many promoter entities of Max Healthcare Institute Ltd, on Wednesday purchased 8.44 crore shares of The agency for Rs 2,956 crore by way of open market transactions.

The shares have been picked up by Veritas Funds Plc, SBI Mutual Fund and HDFC Mutual Fund amongst others.

Based mostly on bulk deal knowledge out there with the Nationwide Inventory Commerce (NSE), Kayak Investments, an affiliate Of private equity primary KKR, offloaded 8.44 crore shares of Max Healthcare.

As many as 6.02 crore shares have been purchased at A imply worth of Rs 350, whereas 2.42 crore scrips have been divested at Rs 350.13. At these prices, the transactions have been valued at Rs 2,955.74 crore.

As of June 2021, Kayak Investments held 47.24 per cent stake or 45.63 crore shares in Max Healthcare.

Max Healthcare settled at Rs 355.75 apiece on the NSE, down 3.77 per cent from the earlier shut.

(Solely the headline And film of this report might have been reworked by the Enterprise Regular staff; The Reprimaryder of the content material is auto-generated from a syndicated feed.)

Pricey Reader,

Enterprise Regular has On A daily basis strived exhausting To current up-to-date information and commentary on developments That are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on The biggest Method To reinformationrce our offering have only made our resolve and dedication To these beliefs stronger. Even all by way of these troublesome occasions arising out of Covid-19, we proceed To primarytain dedicated to primarytaining you informationrmed and up So far with credible information, authoritative views and incisive commentary on topical Factors with relevance.
We, however, have a request.

As we battle the financial influence of the pandemic, We’d like your assist A lot extra, So as that We will proceed to Supply you extra extreme quality content material. Our subscription mannequin has seen an encouraging response from Lots of you, Who’ve subscribed to our on-line content material. More subscription to our on-line content material can only assist us obtain the goals of offering you even greater and extra related content material. We think about in free, truthful and credible journalism. Your assist by way of extra subscriptions May assist us practise the journalism to which We’re dedicated.

Support extreme quality journalism and subscribe to Enterprise Regular.

Digital Editor

Source: https://www.business-standard.com/article/companies/kayak-investments-pares-stake-in-max-healthcare-sells-84-4-million-shares-121092901322_1.html

Leave a Reply

Your email address will not be published. Required fields are marked *