Max Healthcare to acquire controlling stake Kalinga Hospital

Max Healthcare Institute announced that the board of directors of the Company at their meeting held on April 8, 2026, has approved to enter into share purchase agreement (“SPA”) for acquisition of controlling stake (~58.39%) in Kalinga Hospital Ltd. (“KHL”), which operates a 250 bedded Multi-Specialty Hospital by the name of ‘Kalinga Hospital’ in Bhubaneswar, Orissa.

Further, the Board has approved to provide Loans up to Rs. 100 Crore to KHL towards cost of construction, renovation, upgradation, equipment etc. The Board has also approved issuance of Corporate Guarantee to Bank/ Financial Institution for re-financing of External Commercial Borrowings of existing promoter of KHL of $5 Mn (along with interest due thereon).

Adding further approved the Senior Secured Term Loan of amount up to Rs. 300 Crore in the form of External Commercial Borrowings for financing the acquisition.

At 1.05 pm, Max Healthcare Institute was trading at Rs. 945.80, up by 1.44%, with a volume of 13.65 lakh shares on the BSE.