₹3,400 crore in December 2019, the people cited above said on condition of anonymity Promoters of Analjit Singh-led Max Group plan to raise ₹2,300 crore by selling their stakes in the group’s healthcare and financial services companies, two people aware of the matter said, adding they have already sold prime land at London’s Mayfair for ₹800 crore.With the stake sales, the promoters aim to pay off all their debt, which stood at ₹3,400 crore in December 2019, the people cited above said on condition of anonymity.
They are also trying to sell some more overseas real estate and hospitality assets.“We are fully committed to reduce the debt considerably within the current year.