Max Ventures and Industries have announced the sale of 22.5 percent to New York Life for Rs 121 crore. In an interview to CNBC-TV18, Sahil Vachani, MD of Max Ventures & Industries spoke about the latest happenings in his company and sector and the contours of the deal."The board of Max Ventures has approved to allot shares to subsidiary of New York Life upto 22.5 percent shareholding in Max Ventures and Industries at a price of Rs 78 per share, which is going to result in an inflow of Rs 121 crore into Max Ventures", he said.For full interview, watch accompanying video...
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