₹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.Singh and his family entities as the promoters of the group were looking to raise around ₹800 crore from his complete 7% stake sale in Max Healthcare, Mint had reported.The stake sale was supposed to be a secondary market route through a block or bulk deal on the stock.