Kayak Investments to sell 6.57% stake in Max Healthcare, base deal size Rs 2,220 crore

Max Healthcare Institute

Kayak Investments Holdings Private Ltd, one of the promoting entities of Max Healthcare Institute Ltd, will sell its 6.57 percent stake in the company, CNBC TV 18 reported on September 28.

The 6.57 percent stake accounts for nearly 6.3 crore shares, which would be sold at a price range of Rs 350-369 per share, the report said, adding that the base deal size is Rs 2,220 crore.

Max Healthcare: Kayak Investments Holding Private Limited (affiliate of KKR) to sell 6.3 cr shares (6.57% stake) on the price range Rs 350-369/sh

Base deal size Rs 2,220 cr

— CNBC-TV18 (@CNBCTV18Live) September 28, 2021

The sale of a 6.57 percent stake by Kayak Investments is considered to be one of the largest block deals of the market to take place on September 29.

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The shares of Max Healthcare closed at Rs 371.20 today, marking a 3.41 percent or Rs 12.25 jump as compared to the previous day.