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September, 2006 Pragati Maidan, New Delhi, India |
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Waterburg Pincus increases its stake in Max Healthcare
Waterburg Pincus, in a Rs 1.15 billion deal, has increased its stake in Max Healthcare to 23 per cent. The deal involves issue of additional equity shares cumulating to 28.7 million shares of Rs 10 each at an issue price of Rs 40 per share. Max Healthcare is a subsidiary of Max India and is engaged in healthcare services.
Post the deal, the parent company will hold 70 per cent in Max Healthcare. ``With the current round of fund infusion in to Max Healthcare, the company has now fully tied up its long term funding needs for the Rs 6 billion healthcare project,’’ said B Ananatharaman, Joint Managing Director, Max India, in an interview to a newspaper.
Date: 07-Jun-2005
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