Max Ventures inches up as its arm acquires balance 2.39% stake in Acreage Builders
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Max Ventures And Industries is currently trading at Rs. 146.40, up by 0.10 points or 0.07% from its previous closing of Rs. 146.30 on the BSE.
The scrip opened at Rs. 146.40 and has touched a high and low of Rs. 146.40 and Rs. 146.40 respectively. So far 7 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 204.80 on 07-Oct-2022 and a 52 week low of Rs. 85.40 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 147.55 and Rs. 136.60 respectively. The current market cap of the company is Rs. 2152.13 crore.
The promoters holding in the company stood at 49.52%, while Institutions and Non-Institutions held 30.02% and 20.45% respectively.
Max Ventures and Industries’ wholly owned subsidiary -- Max Estates (MEL) has completed the acquisition of balance 2.39% equity share capital of Acreage Builders (ABPL) on February 02, 2023 at an enterprise value of Rs 322.50 crore. Consequent to the completion of acquisition, ABPL has now become a step-down wholly owned subsidiary of the Company through MEL with effect from February 02, 2023.
Max Ventures and Industries, a part of Max Group, operates primarily in the areas of manufacturing and real estate.
