Max Healthcare Institute Limited has taken a significant step towards expanding its presence in Maharashtra with plans to acquire 100% equity stake in Yerawada Properties Private Limited (YPPL). This strategic acquisition will pave the way for the development of a ~450-bedded super speciality hospital in Yerawada, Pune, one of the city’s most central and well-connected localities.
Purpose Behind the Acquisition
The primary objective of acquiring YPPL is to secure a prime land parcel that can support the development of a large, modern hospital facility. Pune is witnessing rising demand for quality healthcare services, driven by a growing population, increasing urbanisation, and a steadily expanding middle class. The proposed hospital is expected to strengthen Max Healthcare’s regional footprint while addressing this demand gap.
Key Highlights of the Transaction
Target Company: Yerawada Properties Private Limited (YPPL), engaged in real estate development
Land Asset: A 1.68-acre freehold land parcel located in Yerawada, Pune, suitable for a ~450-bed hospital
Acquisition Structure:
The transaction will be completed in a step-up manner, concluding after the hospital building receives its Occupancy Certificate
In the first phase, Max Healthcare will acquire 100% of Class A equity shares, giving it full voting rights and about 50.22% economic interest in YPPL
The remaining Class B equity shares will be acquired gradually over a period of around four years
Cost of Share Acquisition: Approximately ₹200 crore
Total Project Investment: The board has approved an overall investment of up to ₹1,020 crore, covering land acquisition, construction, medical equipment, stamp duty, and registration charges
Timeline: The entire acquisition and capacity addition process is expected to be completed over ~4 years
Funding Plan: To be financed through a combination of internal accruals and term loans
Regulatory Status: The transaction is not a related party transaction, and no government or regulatory approvals are required for the share acquisition
Strategic Importance for Max Healthcare
Once operational, the Pune hospital will add approximately 450 beds to the Max Healthcare Network. As of September 30, 2025, the network had an existing capacity of around 5,200 beds. With hospitals already operating at a high utilisation level of over 76% in H1 FY26, the planned expansion is both timely and strategic.
Overall, this investment underscores Max Healthcare’s long-term commitment to expanding high-quality healthcare infrastructure in key urban centres, while strengthening its position as one of India’s leading hospital networks.
