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16 Apr 2026

AZB & Partners Advises Max Healthcare on ₹300 Crore Acquisition of 58.4% Stake in Kalinga Hospital

"AZB & Partners advised Max Healthcare Institute Ltd on its ₹300 crore acquisition of a 58.4% stake in Kalinga Hospital Ltd. The Bhubaneswar-based multi‑super‑specialty hospital (est. 2004) — regarded as Odisha’s first corporate hospital — was acquired with an AZB deal team led by partners Niladri Maulik and Malini Raju, supported by senior associates Prashant Khurana and Prannathi Ajith Kumar."

Law firms and parties: AZB & Partners advised Max Healthcare Institute Limited (the buyer). No other law firms were reported as participating in the transaction. Transaction summary: Max Healthcare Institute Limited acquired a 58.4% stake in Kalinga Hospital Limited for ₹300 crore. Kalinga Hospital is a multi–super‑specialty hospital in Bhubaneswar, Odisha, established in 2004 and described as the first corporate hospital in Odisha, serving patients in Odisha and adjoining regions. Lawyers who participated (as named in the press release): - Niladri Maulik — Partner (AZB & Partners) - Malini Raju — Partner (AZB & Partners) - Prashant Khurana — Senior Associate (AZB & Partners) - Prannathi Ajith Kumar — Senior Associate (AZB & Partners) The press release did not specify the lawyers’ practice areas.
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