CCI clears Radiant Life Care-max Healthcare deal

NEW DELHI: The Competition Commission of India (CCI) has cleared the proposed deal between Kkr-backed Radiant Life Care and Max Healthcare. The companies announced the proposed merger in a joint statement in December 2018. The combined entity will be valued at ₹7,242 crore, according to the statement. In a tweet on Tuesday, the fair trade regulator said it “approves proposed combination of Max Healthcare Institute Limited, Radiant Life Care Private Limited and Kayak Investments Holding Private Limited (affiliate of KKR & Co. Inc.)”. According to the joint statement, the deal will see KKR becoming the majority shareholder, while Radiant Life Care promoter Abhay Soi will lead the combined company as chairman. Max Healthcare promoters led by Analjit Singh would step down, it added.

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