Max India to raise Rs1,000 cr

Max India to raise Rs1,000 cr
Comment E-mail Print Share
First Published: Mon, Jun 18 2007. 03 57 PM IST
Updated: Mon, Jun 18 2007. 03 57 PM IST
PTI
Mumbai: Max India, engaged in health-care and insurance business, said on 18 June it will raise about Rs1,000 crore ($247 million) through issue of equity shares to qualified institutional buyers (QIB).
The board of directors approved the allotment of 41.7 million equity shares at a price of Rs240 to QIBs under Securities and Exchange Board of India (Sebi) guidelines, Max India said in a communique to the Bombay Stock Exchange (BSE).
The shares of the company were last trading 0.84% down at Rs248 on the BSE.
Comment E-mail Print Share
First Published: Mon, Jun 18 2007. 03 57 PM IST
More Topics: Corporate News | Sector Spotlight |