24/4/2025, 9:13:02 am

Max India to raise ₹124.23 crore via rights issue at ₹150 per share

Max India Ltd. announced a ₹124.23 crore rights issue, offering 82.81,973 fully paid-up equity shares at ₹150 each, including a ₹140 premium. The issue opens on May 7, 2025, and closes on May 22, 2025, with a ratio of 19 shares per 100 held. The company’s equity base will increase to 5.18 crore shares upon full subscription. Shares rose 4.49% to ₹223.55 on BSE.