Reliance Capital Trustee Co has raised its stake in Max India Ltd by over 2.88 per cent to 7.38 per cent through open market transactions.
Prior to acquisition of additional shares in Max India, Reliance Capital Trustee held 4.5 per cent stake in the former.
"The shares, bought through open market, were acquired by Reliance Capital Trustee through various schemes of Reliance Mutual Fund," Reliance Nippon Life Asset Management Ltd said in a regulatory filing.
"We have purchased shares of Max India Ltd (on behalf of Reliance Mutual Fund)," it said.
Reliance Nippon Life Asset Management was formerly Reliance Capital Asset Management.
Reliance Capital Trustee operates as a subsidiary of Reliance Capital.
