Max Healthcare Institute Limited announced today, December 18, 2025, that its board of directors has approved the acquisition of 100% equity stake in Yerawada Properties Private Limited (YPPL), located in Pune, Maharashtra. The acquisition will be conducted in tranches, concluding upon receipt of the Occupancy Certificate for the planned hospital building. The company will initially acquire 100% of Class A equity shares, representing full voting rights and approximately 50.22% of the economic interest in YPPL. The total aggregate spend for this acquisition and the development of a new ~450-bedded super specialty hospital on YPPL's land is capped at ₹1,020 Crore. This includes the cost of YPPL shares, construction, equipment, stamp duty, and registration charges. The acquisition of YPPL, which owns a 1.68-acre parcel of freehold land in Yerawada, Pune, is expected to take approximately 4 years to complete. YPPL was incorporated as an LLP on February 19, 2024, and converted into a company on November 14, 2025. The company's paid-up capital and share premium stand at approximately ₹64.40 Crores, with a turnover not available (NA). The new hospital in Pune aims to expand Max Healthcare's footprint in Maharashtra, a region experiencing growing demand for quality healthcare. The Max Healthcare network currently has approximately 5,200 beds as of September 30, 2025, with a capacity utilization of over 76% in H-1 FY26. The investment will be financed through a mix of internal accruals and term loans.