IFC to invest Rs3 bn in Max India unit

IFC to invest Rs3 bn in Max India unit
PTI
Comment E-mail Print Share
First Published: Mon, Jul 09 2007. 05 23 PM IST
Updated: Mon, Jul 09 2007. 05 23 PM IST
New Delhi: The International Finance Corp. (IFC) said on Monday (9 July) it will invest Rs3 billion in Max Healthcare Institute, a unit of Max India Ltd.
IFC, the World Bank’s private sector lending arm, will invest Rs500 million in equity and the remaining in preferential shares to be issued by Max Healthcare.
The fund infusion will help the company add 452 beds to Max Healthcare’s existing 765 beds.
Max India shares were up by Rs0.7% at Rs240 down from a high of Rs243.20 after the news.
Comment E-mail Print Share
First Published: Mon, Jul 09 2007. 05 23 PM IST
More Topics: Corporate News | Sector Spotlight |