At meeting held on 11 June 2018
The Board of Max Ventures and Industries at its meeting held on 11 June 2018 as approved the following -a) issuance of 7,37,53,787 Equity Shares of the Company of face value of Rs. 10/- each ("Rights Equity Shares") at an issue price of Rs. 61 per Rights Equity Share (including a premium of Rs. 51 per Rights Equity Share) on rights basis for an amount aggregating up to Rs. 449.89 crore;
(b) rights entitlement ratio of 67 Rights Equity Shares for every 66 fully paid-up Equity Shares of the Company held by the eligible shareholder on the record date; and
(c) record date as 22 June 2018 for the purpose of determining the shareholders eligible to apply for the Rights Equity Shares in the proposed Rights Issue.
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