KKR affiliate sells 10% stake in Max Healthcare for nearly Rs 3,300 cr

Industry:    2 months ago

Private equity major KKR’s affiliate firm Kayak Investment on Thursday sold 10 per cent stake in Max Healthcare Institute for nearly Rs 3,300 crore.

It sold shares at Rs 340 apiece to a clutch of investors, which included SBI Mutual Fund, Pension Fund Global and Smaller Cap World Fund.

Shares of Max Health fell 4 per cent to end at Rs 347.