Max Healthcare Institute Limited has provided an update regarding its acquisition of Yerawada Properties Private Limited (YPPL), Pune, Maharashtra. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and is a continuation of the company's earlier intimation dated December 18, 2025.
The company has completed the first step of its acquisition by acquiring 100% of the Class A equity shares of YPPL. This represents 100% of the voting rights and approximately 50.22% of the economic interest in YPPL. The acquisition was completed upon fulfillment of the first tranche of conditions precedent (CPs) outlined in the Share Purchase Agreement.
As a result of this transaction, YPPL has become a subsidiary of Max Healthcare Institute Limited. The company received credit confirmation of the equity shares of YPPL at 5:17 pm (IST) on June 30, 2026.
The acquisition is being executed in a step-up manner, with the final conclusion contingent upon the grant of occupancy certificate for the hospital to be constructed on the land owned by YPPL. The project involves setting up a approximately 450-bed super speciality hospital in Pune.
This disclosure will be hosted on the company's website at www.maxhealthcare.in.