Max Healthcare Institute Limited has acquired 100% of Class A equity shares in Yerawada Properties Private Limited, representing 100% voting rights and approximately 50.22% economic interest. This transaction, completed on June 30, 2026, fulfills the first tranche of conditions precedent under the Share Purchase Agreement. YPPL has now become a subsidiary of Max Healthcare Institute Limited following credit confirmation at 5:17 pm IST.
The Share Purchase Agreement was originally signed on December 18, 2025, and is structured in a step-up manner. It will conclude with the grant of an occupancy certificate for a approximately 450-bed super speciality hospital in Pune. Yerawada Properties Private Limited owns the land where the hospital will be constructed.
Max Healthcare Institute Limited has disclosed this update to the National Stock Exchange of India Limited in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement will be hosted on the company's website at www.maxhealthcare.in for reference.
Dhiraj Aroraa, serving as EVP - Company Secretary and Compliance Officer, signed the disclosure document. The acquisition facilitates Max Healthcare Institute Limited's expansion in the Maharashtra healthcare market through the development of a new medical facility in Pune.
This development follows the earlier intimation dated December 18, 2025, regarding the execution of the Share Purchase Agreement. The hospital project aims to enhance healthcare services in the Pune region.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.