16 Jan 2012

Share

Life Healthcare to make Indian buy

I-Net Bridge
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.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.29
-0.7%
Rand - Pound
23.87
-1.1%
Rand - Euro
20.58
-1.2%
Rand - Aus dollar
12.38
-1.1%
Rand - Yen
0.12
-1.2%
Platinum
943.50
+0.0%
Palladium
1,034.50
-0.1%
Gold
2,391.84
+0.0%
Silver
28.68
+0.0%
Brent Crude
87.29
+0.2%
Top 40
67,314
+0.2%
All Share
73,364
+0.1%
Resource 10
63,285
-0.0%
Industrial 25
98,701
+0.3%
Financial 15
15,499
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Partner Content
Embrace your creativity

09 Apr

Embrace your creativity
Students, it’s time to get the best laptop and deal on Mac at iStore

05 Apr

Students, it’s time to get the best laptop and deal on Mac at iStore
Sunrises, Narnia, and hobbit money – 10 fun reasons you need to visit New Zealand

19 Mar

Sunrises, Narnia, and hobbit money – 10 fun reasons you need to visit New Zealand
Beauty24 | Let’s debunk these common skincare myths

28 Mar

Beauty24 | Let’s debunk these common skincare myths
Find more
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders
GooglePlayLink HuaweiGalleryLink AppleStoreLink
© 2024 (3.0.24094.4) 24.com. All rights reserved.
Terms and Conditions Media24 Privacy Policy Vulnerability Disclosure
Contact us Help with my subscription
Iab Logo