NEW DELHI: Max India Ltd on Monday said it has completed spinning off its hospital operations under Max Healthcare and the subsequent merger of Radiant Life Care Pvt Ltd with it.
The process followed the National Company Law Tribunal’s (NCLT) approval for the composite merger scheme. Abhay Soi, who was the promoter of Radiant Life Care, will be the chairman and managing director of the merged entity, called Max Health Institute Ltd (MHIL). “MHIL will emerge as the second-largest hospital chain in India (in terms of revenue) with strongly established brand equity and centres of excellence for high-end quaternary care with significant part of its capacities in key metros, particularly Delhi-NCR and Mumbai," Soi was quoted as saying in a