Max Financial Services Ltd to evaluate fund raising proposals

A meeting of the Board of Directors of Max Financial Services Ltd is being scheduled to be held on Monday, April 9, 2018, wherein the Board shall consider and evaluate proposals for raising of funds by way of debt instruments, for the purpose of making investments in its subsidiary Max Life Insurance Company Limited ('Max Life') to enable it finance acquisition opportunities.

The Trading Window shall remain closed from Thursday, April 5, 2018 until Wednesday, April 11, 2018 (both days inclusive).

Shares of Max Financial Services Ltd was last trading in BSE at Rs.448 as compared to the previous close of Rs. 464.6. The total number of shares traded during the day was 23000 in over 696 trades.

The stock hit an intraday high of Rs. 470 and intraday low of 448. The net turnover during the day was Rs. 10548082.

Source : Equity Bulls

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