Promoter Group reduces stake in Max Financial Services Ltd to 28.27%

Max Financial Services Ltd's Promoter Group, Max Ventures Investment Holdings Private Lim has sold 4999130 equity shares of the company through Market Sale in NA. The shares were sold for a total amount of Rs. 2143204190.

With this transaction, the shareholding of Max Ventures Investment Holdings Private Lim has reduced from 80882405 (30.13%) to 75883275 (28.27%). The shares were sold during the period 12/13/2018 to 12/13/2018.

Promoter Entity	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
Max Ventures Investment Holdings Private Lim	4999130	12/13/2018 to 12/13/2018	80882405 (30.13%)	75883275 (28.27%)

Shares of the company was last trading in BSE at Rs.430.25 as compared to the previous close of Rs. 443.25. The total number of shares traded during the day was 45927 in over 923 trades.

The stock hit an intraday high of Rs. 440.1 and intraday low of 426.45. The net turnover during the day was Rs. 19869455.

Source : Equity Bulls

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