MHIL to provide up to Rs 300 crore funds to Max Hospitals and Allied Services

Further, the company said its board has also approved the issuance of sponsor's undertaking to the lending bank or financial institutions to Dr Balabhai Nanavati Hospital (BNH) to affirm that it would continue to hold 100 per cent in stake in Max Hospitals and Allied Services Ltd (MHASL) and meet the shortfall arising due to cost and time overruns for the project.

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