Capital International and Ward Ferry completed the acquisition of a 5.14% stake in Max Healthcare Institute from Max Ventures for $70m.

Capital International, an financial services company, and Ward Ferry, an investment firm, completed the acquisition of a 5.14% stake in Max Healthcare Institute, a hospital chain, from Max Ventures, a venture capital for $70m. The stake sale comes three weeks after Max Healthcare’s shares listed on stock exchanges following its demerger from Max India and merger with KKR-backed Radiant Life Care.