Max Healthcare shares jump nearly 3% as board approves acquisition of YYPL, ₹1,020 crore investment in Pune

This comes as the company’s board of directors approved the proposal to enter into a share purchase agreement (SPA) for the acquisition of a 100% equity stake in Yerawada Properties Private Limited (YPPL), Pune.

At around 3:05 pm, the stock was trading 1.86% higher at ₹1,050.30 per equity share. It is among the top gainers of the NIFTY50 index on Thursday.

The scrip has lost nearly 3.5% in the past week and about 6% over the month. On a year-to-date basis, it has fallen approximately 8%.

While the share reached a 52-week high of ₹1,314.30 on July 4, 2025, it touched a year’s low of ₹940.05 apiece on March 4, 2025.

Its board also approved setting up an approximately 450-bed super-specialty hospital on the land owned by YPPL, for an aggregate of up to ₹1,020 crore.

Furthermore, the purchase of equity stake shall be carried out in a step-up manner and shall conclude upon receipt of the occupancy certificate for the hospital building planned to be constructed on the said land, Max Healthcare said in a regulatory filing on Thursday.

In the first tranche, the firm will acquire 100% of the class A equity shares representing 100% of the voting rights and about 50.22% of the economic interest in YPPL, it added.

Q2 Results

Max Healthcare Institute reported a 74.3% year-on-year (YoY) increase in its net profit to ₹491 crore for the September quarter of FY26, compared to ₹282 crore it logged in the corresponding period of the same fiscal year.

During the quarter under review, its revenue from operations witnessed a 25% annual growth to ₹2,135 crore, as against ₹1,7090 crore in the second quarter of FY25.

Max Healthcare has a total market capitalisation of ₹1.02 lakh crore, as of December 18, 2025, according to data on the NSE.