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Max Healthcare Institute Restricted wholly-owned subsidiaries ALPS Hospital Restricted (ALPS) and Saket Metropolis Hospitals Restricted (SCHL), at their board conferences, held on November 29, 2021, have determined to withdraw the Scheme of Amalgamation, topic to vital regulatory and different relevant approvals.
The corporate had intimated on March 26, 2021, concerning approval by the Board of the Administrators of ALPS and SCHL with respect to the Scheme of Amalgamation. Afterward, ALPS and SCHL had filed Scheme with the Nationwide Firm Regulation Tribunal (NCLT), Mumbai Bench.
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Consequent to funding made by ALPS for acquisition of 100% stake in ET Planners Pvt Restricted on August 27, 2021 and alter in marketing strategy going ahead, the Board of ALPS and SCHL, at their conferences held right this moment i.e. November 29, 2021 have determined to the withdraw the Scheme, topic to vital regulatory and different relevant approvals.
At round 1.19 pm, Max Healthcare Institute Ltd was buying and selling at Rs375 per piece up by Rs1.25 or 0.33% from its earlier closing of Rs373.75 per piece on the BSE.
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