The Hindu

Max Healthcare climbs 5% on debut

- Special Correspond­ent

Equity shares of Max Healthcare Institute Ltd. debuted at ₹107 on the BSE and National Stock Exchange on listing on Friday and rose 5% to close at ₹112.35.

“This listing is the final outcome of the amalgamati­on of erstwhile Max India into Max Healthcare Institute and demerger of the healthcare businesses of Radiant Life into Max Healthcare Institute pursuant to the composite scheme of amalgamati­on and arrangemen­t as approved by the National Company Law Tribunal,” the company said in a statement.

The merger came into effect on June 1, 2020. Radiant Life had acquired 49.7% stake in Max Healthcare Institute in June 2019.

Max Healthcare Institute said the scheme of arrangemen­t had led to the creation of the country’s second-largest healthcare chain by revenue.

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