Company Data
| Last traded |
R28.60 |
| Change |
R0.45 |
| % Change |
1.60% |
| Cumulative volume |
2.84m |
| Market cap |
R29.81bn |
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Johannesburg -
Life Healthcare Group Holdings [JSE:LHC] announced on Monday that it has signed definitive agreements with Max Healthcare Institute Limited (MHC) and Max India Limited for the subscription of 26% of the post-issue share capital of MHC.
This is subject to the fulfilment of certain conditions precedent.
The subscription price is Rs 516.5 crore. Life Healthcare will provide pro-rata guarantees for its proportionate share of the debts of MHC currently guaranteed by Max India.
MHC is a leading private hospital provider in the Delhi-NCR (National Capital Region) and is a subsidiary of Max India, one of India's leading multi business corporates.