India: Capital International buys Analjit Singh's 4.6% stake in Max Healthcare

Max India promoter Analjit Singh. Photo: Mint

London-based wealth management giant Capital International Group on Friday bought 4.6% stake from Max group’s founder Analjit Singh in Max Healthcare for around 515 crore. Two persons aware of the development confirmed this, adding that proceeds from the stake sale by Singh will primarily be used for paying off the debts that Singh owes in his personal capacity to various lenders.

On 22 June, Mint first reported that the promoters of Analjit Singh-led Max Group plan to raise 2,300 crore by selling their stake in the group’s healthcare and financial services companies after selling prime land at London’s Mayfair for 800 crore.

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