Max Healthcare Institute Completes Acquisition of Controlling Stake in Kalinga Hospital Ltd.
Max Healthcare Institute Limited confirmed the successful acquisition of a controlling stake in Kalinga Hospital Ltd. (KHL) on May 18, 2026, making the hospital a subsidiary of the company.The announcement follows the initial board approval for the acquisition, which targeted securing a controlling stake and utilizing external financing. Kalinga Hospital, a 250 bed Multi-Specialty Hospital located in Bhubaneswar, Odisha, will now operate under the umbrella of Max Healthcare Institute Limited.
During the transaction, the company successfully availed a Senior Secured Term Loan amounting to up to ₹ 300 Crore in the form of External Commercial Borrowings. Using these funds, Max Healthcare Institute acquired an equity stake of approximately 58.28% in KHL. The total aggregate consideration paid for the controlling stake was approximately ₹ 297.97 Crore.
The transaction was finalized today, May 18, 2026, with Max Healthcare Institute Limited confirming the receipt of equity shares of KHL by 5:18 pm (IST).
MAXHEALTH Stock Price Movement
Today, Max Healthcare Institute Limited shares rallied, settling at ₹1058.55 after gaining ₹9.10, or 0.87%. The stock traded on a volume of 1.56 million shares, charting an intraday range between ₹1024.3 and ₹1063.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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