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Max Financial Services promoter sells shares worth Rs 85 crore

Max Ventures Funding Holdings, a promoter of on Monday offloaded shares price Rs 85 crore via an open market transaction. As per block deal information on NSE, the promoter bought over 9.34 lakh scrips of Max Monetary Companies at a median worth of Rs 910.

This took the overall deal worth to Rs 85 crore.

By a separate transaction, the shares have been purchased by New York Life Insurance coverage Firm on the identical worth.

As per shareholding information for the December 2020 quarter, Max Ventures Funding Holdings held a 17.14 per cent stake.

Moreover, New York Life Insurance coverage Firm is a public shareholder of the agency and held a 2.33 per cent stake, the information confirmed.

On NSE, shares of Max Monetary Companies ended 0.32 per cent decrease at Rs 914.85 apiece.

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