Indian Shipping sector to benefit from the new chartered ship between Kollam and Kochi

Posted by Ankita Palit On May - 23 - 2013

Indian shipping sector is expected to witness a strong connectivity between coastal and inland waterways in the State of Kerala. The state will get a 205 km Kollam-Kottapuram National Waterway III by Nov 2013. This initiative will provide a tremendous boost to efforts being made to shift cargo movement from congested and risky roads to [...]

GE launches innovative technology in Indian medical device market

Posted by sushmita sengupta On May - 22 - 2013

GE Healthcare has very recently launched its 1st healthcare technology experiential lounge on wheels under its Mission Healthier India in Coimbatore. The entire set up has been built at a cost of INR 4 mn that comprises of equipment such as ECG, scan, critical tools and infant care technologies. The mission was focused at upliftment [...]

Indian healthcare market gets its 1st ever indigenous rotavirus vaccine

Posted by sushmita sengupta On May - 15 - 2013

Indian healthcare industry will very soon launch its 1st completely indigenous and affordable rotavirus diarrhoea vaccine that took almost 28 years of hard work. The results of the Phase III clinical trial of the Rotavac vaccine was announced at an international conference that declared efficiency level at 56% in the 1st year of life. The [...]

Transportation & logistics market to see more divestment by Gati

Posted by Ankita Palit On May - 14 - 2013

Gati Ltd, one of leading player in the transportation & logistics market has sold 40% of its stake in Gati Ship to Riba Constructions. The deal was worth INR 80 mn which is expected to be complete by June 2013. The express distribution and supply chain solutions provider has plans to divest further in the [...]

Biocon and Trinity collaborate to encourage genetic research

Posted by sushmita sengupta On May - 14 - 2013

Bengaluru based Biocon has entered into a partnership with Dublin-based Trinity College to support Indian students in genetic research. Biocon will sponsor two annual sponsorships that would give meritorious candidates an opportunity to work in Trinty College laboratories. The sponsorship program has been especially designed to encourage innovation in the field of biotechnology. The sponsorship [...]

Research On India Blog

Max India to issue equity of upto Rs 150 crore to IFC on preferential basis

Posted by Venkata Reddy On May - 14 - 2009

@vccircle: IFC, the private equity arm of World Bank is investing Rs 150 crore in Max India, a business house which has interests in areas like healthcare and insurance.  IFC has previously invested in Max Healthcare  in 2007.

The funds will be used by Max Healthcare to construct two greenfield hospitals in NCR – one in  Shalimar Bagh and the other in Greater Noida. Both hospitals will be 300 bed multi-specialty tertiary hospitals, starting with an initial capacity of 150 beds on completion. Part of the funds will be used for expansion of existing Max facilities in the area.

Max India presently has a market capitalisation of around Rs 3,162 crore. As per the present market cap, IFC may get a 4-5% stake in the company. The stock closed at Rs 144.30 on Wednesday. Max India has a presence in areas like life insurance (a JV with New York Life), healthcare, clinical research, specialty plastics and health staffing.

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