Max Healthcare plans to acquire 100% equity in Yerawada Properties Private Limited (YPPL) and establish a new ~450-bedded super speciality hospital in Pune. The equity stake purchase will occur in stages, concluding upon receipt of the occupancy certificate. The overall investment is projected to reach ₹1,020 Crore, covering share acquisition, construction, and equipment expenses.
Strategic Acquisition in Pune
Max Healthcare has announced its plan to acquire 100% equity stake in Yerawada Properties Private Limited (YPPL), based in Pune, Maharashtra. The decision was approved at a board meeting held on December 18, 2025. The move signifies Max Healthcare’s strategic expansion into a key Indian city.
Hospital Development Plans
Following the equity acquisition, Max Healthcare intends to build a ~450-bedded super speciality hospital on land owned by YPPL. The total investment for the project is estimated at up to ₹1,020 Crore. This includes the cost of acquiring YPPL shares as well as the expenses related to construction and equipment.
Acquisition Structure and Timeline
The acquisition of the equity stake will be carried out in a phased approach. The company will initially acquire 100% of Class A equity shares, representing 100% of voting rights and approximately 50.22% of YPPL’s economic interest. The complete acquisition is contingent upon receiving the Occupancy Certificate for the planned hospital building and is expected to take around 4 years.
Rationale for Expansion
The new hospital aims to serve the healthcare needs of Pune’s population and the surrounding regions. Pune, experiencing a surge in demand for quality healthcare services, presents a strategic opportunity for Max Healthcare to expand its footprint. Funding will come from a mix of internal accruals and term loans.
Source: BSE
