Max India lists at Rs 180, locked at 5% lower circuit on debut There is a circuit limit of 5 percent on either side for the stock as the exchanges said currently the securities are available for trading in series 'BE' and will subsequently be shifted to series 'EQ'. Post Your Comments Share Cancel Moneycontrol Bureau Max India , the third company of the Max Group, has listed its shares at Rs 180 on the National Stock Exchange and Rs 195 on the Bombay Stock Exchange. Immediately after its listing, the stock declined 5 percent, the lower circuit limit, to hit an intraday low of Rs 171 on the NSE and Rs 185.25 on the BSE. There is a circuit limit of 5 percent on either side for the stock as the exchanges said currently the securities are available for trading in series 'BE' and will subsequently be shifted to series 'EQ'. Max India has a diversified business, with interests in healthcare, IT services and financial services. It is the holding company for Max Healthcare, Max Bupa Health Insurance and Antara Senior Living. Max Ventures (formerly known as Capricorn Ventures) is the second company that started trading on June 22, following the demerger of the erstwhile Max India. It is the holding company for Max Speciality
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Films, an innovation leader in the speciality packaging films business. The company has also recently incorporated a wholly owned subsidiary, Max Estates, which will undertake real estate development projects. The erstwhile Max India had demerged into three separate companies (Max Financial Services, Max Ventures and Max India) on January 15 2016, to provide sharper focus to each operating business and unlock shareholder value. Post restructuring, the erstwhile Max India’s existing shareholders retain one equity share of Rs 2 in Max Financial Services. They additionally received one equity share of Rs 2 each of the new Max India for every one equity share held in Max Financial Services and one equity share of Rs 10 each of Max Ventures and Industries for every 5 equity shares of Rs 2 each held in Max Financial Services. Max Financial Services (previously known as Max India), which had already started trading ex-demerger on January 27, focuses on managing the group's flagship life insurance business through its 68 percent shareholding in Max Life. Max Life recently entered into a confidentiality, exclusivity and standstill agreement to evaluate a potential combination through a merger of Max Life Insurance Company and Max Financial Services into HDFC Standard Life Insurance Company by way of a scheme of arrangement.
This blog helped me in understanding useful updates on Max life. Few i would share on HDFC : Housing Development Finance Corporation Limited has said that it has successfully priced its first overseas issue of unrated Rupee Denominated Bonds, with Credit Suisse, Nomura and Axis Bank acting as Joint Bookrunners and Joint Lead Managers in this landmark transaction. Join epic research for further information.
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