Max India Allots 8.3 Million Shares in Rights Issue

MT Newswires Live

2025/05/26

Max India Ltd's (BOM:543223) Rights Issue Committee approved the allotment of 8.3 million equity shares on a rights basis at 150 Indian rupees per share, including a 140 rupee premium, to eligible shareholders, according to a Friday filing on the local bourse.

Following this allotment, the company's paid-up equity share capital increased to 51.9 million shares from 43.6 million shares, with a face value of 10 rupees each.

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