IL&FS Trust Company (ITCL) has acquired over 2.65 crore shares in Max India equivalent to 9.97 per cent holding by way of pledge. The 2.65 crore equity shares of Max India have been pledged with IL&FS Trust Company in capacity as a debenture trustee to secure the non-convertible debentures issued by Pier 114 Imports Private. The said acquisition took place on September 1, 2015.
Max India is one of India’s leading multi businesses corporate with interests in Life Insurance, Healthcare and Health Insurance. Since its inception almost three decades ago, it has an experience of managing successful joint venture partnership due to its philosophy of open and transparent relationships always managed in the spirit of equal ownership.
