HomeNewsBusinessMarketsPromoter offloads 2% stake in Max Financial, Max Healthcare

Promoter offloads 2% stake in Max Financial, Max Healthcare

Promoter Envestor Ventures has offloaded the entire 5.24 percent stake in Take Solutions via two block deals on the NSE.

September 28, 2020 / 21:39 IST
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Promoter entity Max Ventures Investment Holdings has offloaded a 2.2 percent equity stake in Max Financial Services via an open market transaction on September 28.

Max Ventures sold 17 lakh shares in the company at Rs 600.06 per share on the NSE and 43.33 lakh shares at Rs 600.7 per share on the BSE, the bulk deals data available on the exchanges showed.

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Total shares constituted 2.2 percent of the total paid equity of Max Financial. Max Ventures held a 28.15 percent equity stake in the company as of June 2020.

Max Ventures Investment Holdings also sold 1,67,12,104 shares in Max Healthcare Institute (representing 1.84 percent of the total paid-up equity) at Rs 108.88 per share on the BSE. Promoter Max Ventures held 11.35 percent shareholding in the company as of June 2020.