Max India strengthens on forming committee for examine options for restructuring

12 Jan 2015 Evaluate

Max India is currently trading at Rs. 395.60, up by 4.10 points or 1.05% from its previous closing of Rs. 391.50 on the BSE.

The scrip opened at Rs. 390.00 and has touched a high and low of Rs. 406.50 and Rs. 385.85 respectively. So far 58221 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 442.70 on 12-Nov-2014 and a 52 week low of Rs. 177.60 on 20-Feb-2014.

Last one week high and low of the scrip stood at Rs. 416.00 and Rs. 381.10 respectively. The current market cap of the company is Rs. 10621.04 crore.

The promoters holding in the company stood at 40.47% while Institutions and Non-Institutions held 50.86% and 8.66% respectively.

Max India has delegated authority to its Investment & Finance Committee, to examine options for corporate restructuring of the company. Further, notice has been issued to Designated Persons informing closure of trading window for this purpose from January 12, 2015 onwards until further notice as required under the company's Code of Conduct for Prevention of Insider Trading and SEBI (Prohibition of Insider Trading) Regulations 1992.

Recently, UK’s Bupa Insurance announced that it will raise stake in its Indian health insurance venture, Max Bupa, to 49% from the current 26%, becoming the first foreign company to announce a hike in shareholding following amendments to the insurance laws. Max Bupa is a joint venture between Max India (with 74% stake) and UK-based global healthcare group Bupa (26%).

Max India is one of India’s leading multi businesses corporate with interests in Life Insurance, Healthcare and Health Insurance. Since its inception almost three decades ago, it has an experience of managing successful joint venture partnership due to its philosophy of open and transparent relationships always managed in the spirit of equal ownership.

 

Max Financial Share Price

1285.10 33.00 (2.64%)
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Peers
Company Name CMP
Max Financial 1285.10
Delphi World Money 285.25
Anand Rathi Wealth 4130.00
Prudent Corporate 3117.65
Nuvama Wealth 6986.00
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