Max Healthcare Institute Ltd Share Price – NSE  / BSE

Healthcare, Mid Cap

Under the agreement, MHIL shall acquire 58.4% stake in KHL at an equity value of Rs 300 crore.

The 250 bed NABH accredited hospital is built on a 10-acre land parcel at Maitri Vihar, Bhubaneswar, a prime location in the heart of the city. Spread over 2.60 lakh square feet, the hospital provides multidisciplinary care across major specialties, including neurology, cardiology, orthopaedics, gastroenterology, renal sciences and oncology; backed by diagnostics and equipped with a 128-slice CT scanner, 1.5T MRI, and cath lab, etc.

Bhubaneswar has a well-developed healthcare eco-system with large footprint of public, private hospitals and multiple medical colleges, positioning the city as a preferred healthcare provider for patients from across Odisha and neighbouring states of West Bengal, Jharkhand and Chhattisgarh.

This acquisition will strengthen MHIL?s network and expand its footprint in Eastern India.

Abhay Soi, chairman and managing director, Max Healthcare Institute, said: ?Happy to announce our foray into Bhubaneswar, an extremely attractive market, through the acquisition of a very well located and reputable hospital with significant operational upside and brownfield potential.?

Max Healthcare Institute is one of India?s largest healthcare organizations. The company operates 20 healthcare facilities, with a significant presence in North India. In addition to the hospitals, Max Healthcare operates homecare and pathology businesses under brand names Max@Home and Max Lab, respectively.

The company's consolidated net profit rose 26.01% to Rs 300.92 crore on a 10.66% increase in revenue to Rs 2,067.52 crore in Q3 FY26 over Q3 FY25.

The board of Max Healthcare Institute at its meeting held on 08 April 2026 has approved to enter into share purchase agreement (SPA) for acquisition of controlling stake (~58.39%) in Kalinga Hospital (KHL), which operates a 250 bedded Multi-Specialty Hospital by the name of 'Kalinga Hospital' in Bhubaneswar, Orissa.

Further, the board has approved to provide loans up to Rs 100 crore to KHL towards cost of construction, renovation, upgradation, equipment etc. The Board has also approved issuance of corporate guarantee to Bank/ Financial Institution for re-financing of external commercial borrowings of existing promoter of KHL of $5 Mn (along with interest due thereon).

Also, the board has approved the senior secured term loan of amount up to Rs 300 crore in the form of external commercial borrowings for financing the acquisition.

Max Healthcare Institute has allotted 57,461 equity shares under ESOP on 01 April 2026. With this allotment, the paid up equity share capital has increased to Rs 973,19,25,020 comprising of 97,31,92,502 equity shares of Rs 10 each.

Max Healthcare Institute has allotted 42,266 equity shares under ESOS on 17 March 2026. With this allotment, the paid up equity share capital has increased to 97,31,35,041 equity shares of Rs 10 each.

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