Max Financial Services gains after its arm incorporates wholly-owned subsidiary company
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Max Financial Services is currently trading at Rs. 796.20, up by 8.50 points or 1.08% from its previous closing of Rs. 787.70 on the BSE.
The scrip opened at Rs. 780.00 and has touched a high and low of Rs. 797.60 and Rs. 753.45 respectively. So far 20482 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1147.90 on 29-Jul-2021 and a 52 week low of Rs. 753.45 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 861.35 and Rs. 753.45 respectively. The current market cap of the company is Rs. 27008.68 crore.
The promoters holding in the company stood at 14.72%, while Institutions and Non-Institutions held 77.25% and 8.03% respectively.
Max Financial Services’ subsidiary company -- Max Life Insurance Company has incorporated a wholly-owned subsidiary -- Max Life Pension Fund Management ((PF Company) and will infuse Rs 55 crore in PF Company by subscribing 5,50,00,000 equity shares bearing face value of Rs 10 each.
Max Financial Services is a part of the Max group, an Indian multi business corporation.
