Max group promoters sell healthcare, financial services biz shares worth ₹284 cr
1 min read . Updated: 28 Sep 2020, 09:37 PM IST- According to data on BSE, Max Ventures sold a 1.84% stake at Rs108.88 a share
- Earlier on 11 September, the promoters had sold 4.6% stake in Max Healthcare to buyers including American investment firm Capital Group and a unit of Hong Kong based hedge fund manager Ward Ferry for around ₹515 crore
Mumbai: Max Ventures Investment Holdings Pvt Ltd, a promoter entity of Analjit Singh, on Monday sold 16.71 million shares in Max Healthcare Institute Ltd worth ₹182 crore via block deal.
According to data on BSE, Max Ventures sold a 1.84% stake at Rs108.88 a share. Smallcap World Fund Inc has bought 11.40 million shares at ₹108.75 a share. The total deal valued at ₹124 crore.
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Earlier on 11 September, the promoters had sold 4.6% stake in Max Healthcare to buyers including American investment firm Capital Group and a unit of Hong Kong based hedge fund manager Ward Ferry for around ₹515 crore.
In a separate filing Max Ventures Investment Holdings said that it has sold 1.7 million shares or a 2.22% of Max Financial Services Ltd at ₹600.06 a share for a total consideration of Rs102 crore.
Mint had first reported on 22 June that Singh and his family entities were looking to raise up to ₹2,300 crore by stake sales in the group’s financial and healthcare businesses.
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