CHENNAI: Max India on Tuesday informed the
BSE that it has initiated talks to buy out its South African joint venture partner in its Indian
hospital
chain Max Healthcare Institute Ltd.
Both Max India and Life Healthcare Group, which is
South Africa
's second largest hospital chain, have a 49.7% stake in Max Healthcare Ltd.
In a filing with the BSE, Max India, said, "The company has initiated preliminary discussions with its equal joint-venture partner in the healthcare business -- Life Healthcare Group Holdings Ltd, South Africa -- to explore the possibility of acquisition of Life Healthcare's shares in Max Healthcare Institute Ltd."
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Rachel Chitra writes for the business section of The Times of Ind...
Read MoreRachel Chitra writes for the business section of The Times of India. She has been tracking the banking and insurance sector for nearly five years.
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