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.