Latest News | Max Financial Services Promoter Sells Shares Worth Rs 182 Crore

New Delhi, Mar 29 (PTI) Max Ventures Investment Holdings, promoter of Max Financial Services, on Wednesday offloaded 30 lakh shares of the company for Rs 182 crore through an open market transaction.

The shares were purchased by Plutus Wealth Management LLP.

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According to the block deal data available with the BSE, Max Ventures Investment Holdings sold 30 lakh shares of Max Financial Services.

The shares were sold at an average price of Rs 606.6 per scrip, taking the aggregate value of the transaction to Rs 182 crore.

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As of the December quarter, Max Ventures Investment held an 11.33 per cent stake in Max Financial Services, the latest shareholding data with the BSE showed.

Shares of Max Financial Services closed 3.07 per cent higher at Rs 626.95 on the BSE.

(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)