Max India Ltd has clarified that the information under reference pertains to a private company independently owned by the promoters of Max India Limited, therefore, no additional investment of either Max India Limited or Max Healthcare is envisaged.
That the investment for the Medical and Nursing Colleges are proposed to be undertaken by promoters and not Max India Limited or Max Healthcare.
If the plans fructify, the role of Max Healthcare will be limited to managing and operating the Teaching hospital of the Medical College.
Further, Max Healthcare has no approved plans to invest in increasing its bed capacity to 5000 beds in the next 5 years.
Earlier reference to an article that has appeared on February 14, 2011 in the leading news daily titled "Max Plans Med Education Institute May Invest Up to Rs. 1000 Cr.",
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