India: Max Healthcare raises Rs12bn in QIP

Abhay Soi, chairman and managing director

Indian healthcare provider Max Healthcare has raised Rs12bn (US$164m) sale of primary shares in a qualified institutional placement. The KKR-backed company sold 61.4m shares at the top of the Rs183.50-Rs195.40 range. Even though the company has said that it could offer a discount of up to 5%, this was not needed. The deal priced flat…

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