Private Equity

Liquidity Events

KKR to sell 10% stake in Max Health for Rs.3,500-Cr through block deals

Economic Times  

US private equity firm KKR & Co set to raise INR 3500 crore by selling around 10% of its stake in Max Healthcare through multiple block deals. Kayak Investments, an affiliate of KKR, will sell shares in the range of INR 340-361 apiece. KKR, which had acquired the stake in Max in 2018, will sell 7.76 crore shares and has an option to upsize the offering to sell another 1.93 crore shares. Jefferies and Kotak Mahindra Capital are the bankers to the transaction. In September, KKR sold 8.44 crore shares for INR 2,956 crore through multiple block deals and the shares were picked up by HDFC Mutual Fund, Veritas Funds and SBI Mutual Fund.