Max Healthcare Institute’s promoter sells shares worth Rs 182 cr

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New Delhi: Max Ventures Funding Holdings, a promoter of Max Healthcare Institute, offered co’s shares value practically Rs 182 cr on Monday via an open market transaction. As per the majority deal knowledge on the BSE, Max Ventures Funding Holdings offloaded 1.67 crore shares of Max Healthcare at Rs 108.88 apiece, valuing the deal at Rs 181.96 crore.

Based on shareholding knowledge for June 2020, Max Ventures Funding Holdings is a promoter of Max Healthcare Institute, and held 11.35 per cent stake within the agency.

By a separate transaction, Smallcap World Fund Inc purchased 1.14 crore scrips of Max Healthcare at Rs 108.75 apiece. The full deal worth stood at Rs 123.97 crore.

Shares of Max Healthcare Institute Ltd on Monday closed 5.74 per cent greater at Rs 116.15 on the BSE.

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