Max India soared 7% at Rs 216, finally.It touched a high of Rs 222 and a low of Rs 202. The intra day volume of shares was 146,329.
______________________________________________________
Updated 1252 Hrs
Max India has rallied nearly 7% following news of it raising Rs 150 crore through allotment of shares.
The stock opened flat at Rs 201. It soon surged 9.5% to touch a high of Rs 220 and is now trading 6.5% higher at Rs 215. Around 43,865 shares have been traded a the counter on the BSE so far.
The company had issued over 10.3 million shares at a price of Rs 145.26 a piece, to the World Bank group member International Finance Corporation (IFC). The Rs 150 crore funding was required to meet the expenses of subsidiaries of the company, including for investment in Max Healthcare Institute.
