Founder Analjit Singh sells 4.6% stake in Max Health
Capital Group, Hong Kong hedge fund Ward Ferry bought shares worth ₹515 crore
MUMBAI: Max Group founder Analjit Singh on Friday sold 4.6% stake in Max Healthcare to buyers including American investment firm Capital Group and a unit of Hong Kong based hedge fund manager Ward Ferry for around ₹515 crore, two people aware of the development said. Singh will use the sale proceeds to pay off his personal debt, the people said on condition of anonymity.
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