Max India’s three members namely -- Madison Holdings, Melany Holdings and Parkville Holdings -- have offloaded 8.29 million shares of the healthcare firm for over Rs 145 crore through open market transactions.
Madison Holdings and Melany Holdings together offloaded 4.145 million shares of Max India for Rs 175 apiece in a transaction valued at Rs 72.53 crore. Parkville Holdings also sold 4.145 million shares of the healthcare firm at the same price, valuing the deal at Rs 72.53 crore.
Conversely, JM Financial Products has bought 5.29 million Max India shares through bulk deal route for Rs 174.99 apiece in a transaction valued at Rs 92.56 crore. As of December 31, 2011, Melany Holdings and Madison Holdings held 1.47% stake each in Max India, while Parkville Holdings held 2.89% in the healthcare firm.
Max India is a multi-business enterprise. The company has business interest in area of life insurance, healthcare and clinical research. Max India holds 91% equity stake in Max Healthcare Institute.
