Max India To Divided into Three Companies

Max Group is, one of the leading conglomerates in India, has announced the date of entry recently concluded department, as January 28, 2016. Shares of Max India will start trading ex-split off from January 27, 2016 the company was renamed as Max Financial Services.

Max India LogoMax India was divided into three separate companies on 15 January 2016, to provide investors with specific and neat access to the various areas of the Group, ensuring a clear focus on any operating business and unlock shareholder value. As the first company, Max Financial Services (MFS) will focus on the management of the insurance business flagship group life through its 72% stake in Max Life, making it the first Indian registered company, focused exclusively on life insurance.

A second holding company, which retains the name of Max India Limited, will manage investments in high potential healthcare and related facilities – Max Healthcare, Max BUPA and Antara Senior Living. The division will provide these companies that are now in their growth and development phases, more attention to ful-fill its huge potential.

The third holding, Max-Ventures & Industries Limited (MVIL) will manage investments in the production of the specialized subsidiary Max Speciality Films, the innovation leader in the business of speciality Packaging Films business. It will also evaluate new ideas “wide world of business”, including, but not limited to sectors such as education, real estate and technology, as signs of the agenda of trade and economic reforms of the current government, including “Make in India”, “Skill India”, ” Digital India” and among others.

Both companies received an additional Max India and Max-Ventures & Industries Limited (MVIL) It is expected that the listing on the stock exchanges, by mid-March.

Originally posted 2016-03-19 12:40:37.


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