India's Max Healthcare rises after Goldman flags upside from stake deal

Max Healthcare Institute

09/04/2026 09:02

** Shares of India's Max Healthcare Institute MAXE.NS up 2.22% to 961.35 rupees

** Company approved acquisition of 58.4% controlling stake in Kalinga Hospital for about 3 billion rupees ($32.40 million) on Wednesday

** Goldman Sachs says deal helps co enter the under-served market of Bhubaneswar city in the eastern Indian state of Odisha

** Brokerage adds acquisition aligns with co's strategy of expanding into regions where peers have already established market viability

** Adds co has optionality to expand capacity at the facility to up to 1000 beds over the long term

** YTD, stock down ~10%

($1 = 92.5940 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))