Antara Senior Living Private Limited announced that it will receive up to INR 1,490,000,000 in a round of funding on May 24, 2024. The transaction will include participation from returning investor, Max India Limited by subscribing to new equity / preference shares under Rights Issues or by way of Inter-Corporate Deposits in one or more tranches during financial year 2024-2025. Post the closing of the transaction, the investor will continue to hold 100% stake in the company.

The transaction has been approved by the board of directors of the investor.