Max Financial Services Promoter Sells 3.19% Stake to Repay Debt
Max Ventures Investment Holdings Pvt Ltd, a promoter company of Max Financial Services Ltd, sold 1.10 crore equity shares or 3.19 per cent in Max Financial Services on September 5.
"The promoters have cleared all its debt and the pledge of shares held by the promoter in the target company (Max Financial Services) will be Nil," Max Financial said in a BSE filing.
After the share sale, Max Ventures Investment Holdings Pvt Ltd's stake was reduced to 3.22 per cent from 6.40 per cent in Max Financial Services.
You May Like To Read
MORE NEWS
India's government has unveiled a plan to cut energy consumption by 89 million tonnes...
India's lower tariffs could attract global manufacturers, boosting demand for...
Agrochemical firm Advance Agrolife Ltd has filed IPO papers with Sebi, seeking to raise...
Airbnb reports a significant 30% growth in India during the last fiscal year, driven by...
Jindal Steel and Power Ltd (JSPL) acquires Allied Strips Limited (ASL) for over Rs 217...
The latest US tariffs are unlikely to impact the Indian auto industry due to low...
Poonam Gupta, Director General of NCAER, has been appointed as Deputy Governor of RBI...
Divine Power Energy Ltd (DPEL) has completed the acquisition of Vimlesh Industries for...
Sebi has exempted the government from making an open offer to Vodafone Idea...
India and the US are accelerating negotiations for a bilateral trade agreement, aiming...