Around 15.1 million shares or 5.6% stake of Max Financial changed hands in the block deals. Mumbai: Max Financial Services Ltd on Tuesday witnessed a series of block deals in which around 15.1 million shares or 5.6% stake of the company changed hands, Bloomberg reported. The deal size will be at $82 million with an upsize option of $41.1 million, the Bloomberg report added. Goldman’s private equity arm invested Rs540 crore in Max in 2009 through a compulsory convertible debenture issue, and received shares of Max Financial Services at Rs216.75 each. Max India demerged into three separate companies in January 2016—Max Ventures, Max Financial Services and Max India Ltd.

Source: Mint February 21, 2017 04:45 UTC