KKR & Co. Inc. (NYSE:KKR), the largest shareholder of Max Healthcare Institute Limited (BSE:543220), plans to sell its entire stake in India's third-largest hospital chain for around INR 100,000 million - INR 120,000 million, two people familiar with the development said. The New York-based private equity firm is in talks with strategic and equity investors, including private equity firms, family offices, and wealthy individuals, to sell its 27.54% stake in the hospital chain, one of the two said on condition of anonymity.

"If a premium of 20-30% is offered to the current valuation, it could be sold off entirely," the person said, adding the PE major may sell its stake in parts through large bulk deals in the open market if it fails to find a buyer at the desired valuation. A KKR spokesperson declined to comment. According to a second person, billionaire Gautam Adani is also considering buying KKR's stake in Max Healthcare.

However, Adani Enterprises Limited (BSE:512599) (Adani Group) has not formally approached KKR or Max Healthcare, the two people said. A spokesperson for Max Healthcare said, "We would like to state that the promoters of Max Healthcare are not in discussions with any Adani Group entity for a stake sale." An email sent to Adani Group did not elicit any response.