Sunday, March 16, 2025 | 11:36 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Max Financial Services promoter firm sells 3.19% stake to repay debt

"The promoters have cleared all its debt and the pledge of shares held by the promoter in the target company (Max Financial Services) will be Nil," Max Financial said in a BSE filing

Max Life Insurance

Photo: X@MaxLifeIns

Press Trust of India New Delhi

Listen to This Article

Max Financial Services on Friday said its promoter group firm has sold a 3.19 per cent stake to repay their debt.

Max Ventures Investment Holdings Pvt Ltd, a promoter company of Max Financial Services Ltd, sold 1.10 crore equity shares or 3.19 per cent in Max Financial Services on September 5.

"The promoters have cleared all its debt and the pledge of shares held by the promoter in the target company (Max Financial Services) will be Nil," Max Financial said in a BSE filing.

After the share sale, Max Ventures Investment Holdings Pvt Ltd's stake was reduced to 3.22 per cent from 6.40 per cent in Max Financial Services.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 06 2024 | 5:41 PM IST

Explore News