American private equity major KKR and Co will sell its entire 27 per cent stake in hospital chain Max Healthcare Institute for Rs 9,416 crore via block deal on August 16. The stake sale will mark the exit of KKR from the company.
KKR will be offloading a total of 26.7 crore shares it holds in Max Healthcare. The price has been fixed at Rs 350 to Rs 362 a share — a discount of 3.29 per cent to its closing price on August 12.
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Source: News18