August 17, 2022

Listing Department

Listing Department

National Stock Exchange of India Limited

BSE Limited

Exchange Plaza, Plot C-1, Block G,

25th Floor,

Bandra Kurla Complex

Phiroze Jeejeebhoy Towers,

Bandra (E)

Dalal Street,

Mumbai- 400 051

Mumbai-400 001

Symbol: MAXHEALTH

Scrip Code:543220

Sub: Clarification by the Company (i.e. Max Healthcare Institute Limited) w.r.t the media report captioned "27% Stake in Max Healthcare Put on Block Amid KKR Exit Reports".

Dear Sir / Ma'am

This has reference to clarification sought from the Company on August 16, 2022, in relation to the captioned subject.

Please find enclosed disclosure dated August 16, 2022 under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 made to the Stock Exchanges by Kayak Investments Holding Pte. Ltd. ("Kayak") on August 17, 2022. Based on such disclosure, we understand that Kayak, a promoter of the Company, has divested 26.83% of the total paid up equity capital of the Company held by it on August 16, 2022. We also understand that the details of the sale are available on the website of the Stock Exchanges.

We request you to kindly take this response on record.

Thanking you,

For Max Healthcare Institute Limited

Vandana

Ramesh

Pakle

Digitally signed by Vandana Ramesh Pakle

Date: 2022.08.17 22:01:30 +05'30'

Vandana Pakle

Sr. Director-Corporate Affairs

Encl: A/a

Max Healthcare Institute Limited (CIN: L72200MH2001PLC322854)

Regd.Office: 401, 4th Floor, Man Excellenza, S. V. Road, Vile Parle (West), Mumbai, Maharashtra-400056

Phone: +91- 22-26101035,E-mail:secretarial@maxhealthcare.com,investors@maxhealthcare.com

Corporate Office: 2nd Floor, Capital Cyberscape, Sector-59, Gurugram, Haryana 122011 www.maxhealthcare.in

KAYAK INVESTMENTS HOLDING PTE. LTD.

(the "Company") (Company Registration No. 201719776K) (Incorporated in the Republic of Singapore)

August 16, 2022

To,

National Stock Exchange of India Limited

BSE Limited

Listing Department

Listing Department

Exchange Plaza, C-1, Block G, Bandra Kurla Complex,

Phiroze Jeejeebhoy Towers, Dalal Street,

Bandra (E), Mumbai - 400 051

Mumbai - 400 001

The Compliance Officer,

Max Healthcare Institute Limited ("Company")

401, 4th Floor, Man Excellenza

S. V. Road, Vile Parle (West)

Mumbai 400056

Maharashtra

Dear Sir/Madam,

Sub: Disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

This is to inform you that, we, Kayak Investments Holding Pte. Ltd. have sold, via block trade 260,196,762 equity shares of the Company on August 16, 2022.

In view of the above, please find attached the requisite disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

We request you to kindly take the above on record.

Thanking you,

Yours faithfully

For and on behalf of Kayak Investments Holding Pte. Ltd.

Encl.: As above.

KAYAK INVESTMENTS HOLDING PTE. LTD.

(the "Company") (Company Registration No. 201719776K) (Incorporated in the Republic of Singapore)

Disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

  1. Name of the Target Company (TC)
  2. Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer
  3. Whether the acquirer belongs to Promoter/Promoter group
  4. Name(s) of the Stock Exchange(s) where the shares of TC are Listed
  5. Details of the acquisition / disposal/holding of shares/voting rights/holding of the Acquirer and PAC

Before the acquisition/disposal under consideration, holding of:

  1. Shares carrying voting rights
  2. Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others)
  3. Voting rights (VR) otherwise than by shares
  4. Warrants/convertible securities/any

other instrument that

entitles

the

acquirer to receive shares

carrying voting rights in the T C

Total (a+b+c+d)

Details of acquisition/sale

  1. Shares carrying voting rights sold
  2. VRs acquired /sold otherwise than by shares
  3. Warrants/convertible securities/any other instrument

Max Healthcare Institute Limited

Kayak Investments Holding Pte. Ltd

Yes, the acquirer is a Promoter of the Target Company

BSE Limited and National Stock Exchange of India Limited

Number

% w.r.t. total

% w.r.t. total

share/voting

diluted

capital

share/voting

wherever

capital of the

applicable

TC (*)

267,071,209

27.54%

27.54%

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

267,071,209

27.54%

27.54%

260,196,762

~26.835%

~26.835%

Nil

Nil

that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold

  1. Shares encumbered / invoked/released by Nil the acquirer

Total (a+b+c+d)

After the acquisition/sale, holding of:

  1. Shares carrying voting rights
  2. Shares encumbered with the acquirer
  3. VRs otherwise than by shares
  4. Warrants/convertible securities/any

other instrument that

entitles

the

acquirer

to receive shares

carrying voting rights in the TC

(specify holding in

each

category)

after acquisition.

260,196,762

~26.835%

~26.835%

6,874,447

0.709%

0.709%

Nil

Nil

Nil

Total (a+b+c+d)

6,874,447

0.709%

0.709%

  1. Mode of acquisition/ sale (e.g. open market / off-market / public issue / rights issue / preferential allotment / inter-se transfer etc).
  2. Date of acquisition/ sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable
  3. Equity share capital / total voting capital of the TC before the said acquisition/ sale
  4. Equity share capital/ total voting capital of the TC after the said acquisition/ sale
  5. Total diluted share/voting capital of the TC after the said acquisition/sale.

Sale of shares on BSE Limited by way of block trade

August 16, 2022

969,634,392

969,634,392

972,257,300

  1. Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

Signature of the seller

Place: Singapore

Date: August 16, 2022

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Max Healthcare Institute Ltd. published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 05:23:03 UTC.