Latest News | Max Financial Services Promoter Offloads 1.7 Pc Stake for Rs 400 Cr

New Delhi, Dec 21 (PTI) Max Ventures Investment Holdings, a promoter of financial services firm Max Financial Services, on Wednesday offloaded 58.85 lakh shares in the company for Rs 400 crore through an open market transaction.

According to the bulk deal data available with the National Stock Exchange (NSE), Max Ventures Investment Holdings sold 58,85,000 shares (1.7 per cent) of Max Financial Services.

Also Read | Demand for High-Skill Talent Across Roles on Contract Grows by 105% in Last 12 Months: Report.

The shares were sold at an average price of Rs 679.2 per scrip, taking the aggregate value of transaction at Rs 399.70 crore.

Following the stake sale, the shareholding of promoter have come down to 13.02 per cent from 14.72 per cent.

Also Read | Coronavirus Outbreak: All You Need To Know About BF.7 Omicron Sub-Variant That Has Sparked Fear of Fourth COVID-19 Wave Around World.

Shares of Max Financial Services closed 1.67 per cent lower at Rs 688 apiece on NSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)