The Board of Directors of Max Healthcare Institute Limited, at their meeting held today i.e. February 24, 2024, have approved the acquisition of land parcel allotted through e-auction admeasuring ~ 21,946 Sq. meter, on freehold basis, located in Lucknow, Uttar Pradesh (Land Parcel) for an amount of ~ Rs. 167 Crore (including stamp duty), upon successful bid by the company.

The board gave in-principle approval for expansion of company's footprint in Lucknow, Uttar Pradesh. The aforesaid Land Parcel has potential to develop ~ 500 bedded Hospital with a built-up area of ~ 8 (eight) lakh sq. feet. 

Currently, Max Healthcare Network Hospitals are operating at a very high-capacity utilization and the Capacity Utilization for Q-3, FY 24 was > 73%. The purchase of land parcel is proposed to be funded from internal accruals.