InvestorQ : Why is KKR planning to fully exit Max Healthcare?
shrinidhi Rajan made post

Why is KKR planning to fully exit Max Healthcare?

2 months ago

Kohlberg Kravis Roberts (KKR), one of the leading private equity players in the world, is planning to exit Max Healthcare in full. On 16th August, KKR plans to sell up to 26% stake in Max Healthcare Institute via a series of block deals in the block window and it is most likely to be distributed across both the principal stock exchanges viz. the NSE and the BSE. The overall deal is expected to be worth Rs9,416 crore and the sale is likely to be executed at an indicative price of range between Rs.350 per share and Rs362 per share.

In terms of market feedback, the demand sides is expected to be robust for the stock. For example, a number of large domestic mutual funds and insurance companies (flush with funds) are already lining up to lap up the stock that KKR is planning to sell of Max Health. The entire sale deal will be managed by Jefferies India and Kotak Securities. This deal will also mark the total exit of KKR from Max Healthcare. It may be recollected that in the previous year, KKR had already sold one tranche of its holdings in Max Healthcare.