Three shareholders of Max India -- Madison Holdings, Melany Holdings and Parkville Holdings -- have today sold 8.29 million shares of the healthcare firm for over Rs 145 crore through open market transactions.
Madison Holdings and Melany Holdings together offloaded 4.145 million shares of Max India for Rs 175 apiece in a transaction valued at Rs 72.53 crore, according to bulk data available on stock exchanges.
Parkville Holdings also sold 4.145 million shares of the healthcare firm at the same price, valuing the deal at Rs 72.53 crore.
On the other hand, JM Financial Products has bought 5.29 million Max India shares via the bulk deal route for Rs 174.99 apiece in a transaction valued at Rs 92.56 crore.
As of December 31, 2011, Melany Holdings and Madison Holdings held 1.47% stake each in Max India, while Parkville Holdings held 2.89% in the healthcare firm, as per BSE data.
Shares of Max India today rose by 3.43% to close at Rs 175 apiece on the BSE.