Max India fundamentals and demerger


Well-Known Member
Max India announces demerger

Max India Ltd on Friday Jan 15, announced the demerger of the company into three listed companies -

Max Financial Services Ltd (life insurance business)
Max India Ltd (healthcare hospitals business)
Max Ventures & Industries Ltd (speciality packaging films business)

The group had announced the demerger in January 2015 and was completed after approvals from the Punjab and Haryana High Court, the Insurance Regulatory and Development Authority of India, the Securities and Exchange Board of India and the Competition Commission of India.

After demerger, Max India shareholders will become Max Financial Services shareholders, share value of ₹2. They will additionally get one equity share of Rs.2 each of the new company Max India Limited for every one equity share held in Max Financial Services and one equity share of Rs.10 each of Max Ventures and Industries Limited for every 5 equity shares of Rs.2 each held in Max Financial Services.
Am holding this from 350 levels. When the broader market is not supportive, Max India has fallen from highs. Am still making profit so should I keep holding?

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