Max India Ltd Fixes Record Date for Scheme Arrangement - Demerger

Max India Ltd has fixed January 28, 2016 as the Record Date to determine entitlement of members of the Company to equity shares of Resulting Companies.

Every member of Max India Limited ("Demerged Company") as on the Record Date would be entitled to receive fully paid equity shares of Resulting Companies in the following manner:

- One equity share of Rs. 2/- each of Resulting Company 1 (i.e. Taurus Ventures Limited) for every one equity share of Rs. 2/- each; and

- One equity share of Rs. 10/- each of Resulting Company 2 (i.e. Capricorn Ventures Limited) for every five equity shares of Rs. 2/- each.

Shares of MAX INDIA LTD. was last trading in BSE at Rs.457.55 as compared to the previous close of Rs. 449.1. The total number of shares traded during the day was 25506 in over 1819 trades.

The stock hit an intraday high of Rs. 465 and intraday low of 432. The net turnover during the day was Rs. 11641817.

Source : Equity Bulls

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