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Max Healthcare Institute Limited has received approval from the National Company Law Tribunal (NCLT) for the merger of its wholly owned subsidiaries, ALPS Hospital Limited and Max Hospitals and Allied Services Limited. The merger's appointed date is now set for April 1, 2024. This amalgamation aims to enhance operational efficiency and financial strength, facilitating better resource utilization and synergies while streamlining governance and reducing complexities in operations. The merged entity is expected to have a significant capital base, allowing for expanded operations and improved competitiveness. This strategic move positions the company favorably for future growth opportunities in the healthcare sector, suggesting a positive outlook for stakeholders.