Max India to sell hospital assets to KKR-backed Radiant Life Care

The first stage being Radiant picking up 49.7% in Max Healthcare for $293 million

Analjit Singh-promoted Max India on Monday said it was getting out of the health care business by selling its majority stake to KKR-backed Radiant Life Care. The deal will lead to the creation of a listed entity, Max Healthcare, with an equity valuation of Rs 72.42 billion. 

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 will step down.

The acquisition will be made through a series of transactions. The first stage being Radiant picking up 49.7 per cent in Max