Max India to get listed on the bourses

DSIJ Intelligence / 14 Jul 2016

Max India to get listed on the bourses

Max India Limited., is all set to get listed on BSE and NSE on July 14, 2016. The company is one of the three new holding companies formed after the demerger of the erstwhile Max India Limited. Max India will be the third company to get listed on the bourses after the demerger.

Max India Limited., is all set to get listed on BSE and NSE on July 14, 2016. The company is one of the three new holding companies formed after the demerger of the erstwhile Max India Limited. Max India will be the third company to get listed on the bourses after the demerger. Earlier, Max Financial Services and Max Ventures and Industries have already started trading after the demerger on January 27,and June 22, 2016 respectively.
The listing will unlock value for the shareholders of erstwhile Max India allowing them to trade in a stock, which manages investments in high-potential health and allied services businesses.

Max India is the holding company of Max Healthcare, Max Bupa, and Antara Senior Living. Since 2011, Max Healthcare’s revenues have grown at a CAGR of 26 per cent and the company has turned profitable in FY2016 reporting an EBITDA of Rs. 215 crores. 

Max India Limited (Max India) is a multi-business company. The Company offers Life Insurance, healthcare and health insurance services through its life Insurance company, Max Life Insurance (Previously Max New York Life), a joint venture of Max India, which underwent a change of JV partner from New York Life to Mitsui Sumitomo Insurance, Japan; its healthcare company, Max Healthcare, a joint venture between Max India and Life Healthcare, South Africa; its health insurance company, Max Bupa Health Insurance, a joint venture between Max India and Bupa Finance Plc., the United Kingdom; its Senior Living business Antara, a wholly owned subsidiary of Max India, and its Clinical Research business, Max Neeman, a wholly owned subsidiary of Max India. The Company is also engaged in manufacture of Specialty Products for the packaging industry through its SBU Max Speciality Films.

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