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Max Ventures gets nod to borrow Rs 300 crore

29 Sep 2016 Evaluate

Max Ventures & Industries has received its shareholders’ approval to borrow up to Rs 300 crore. The authorisation was given to the company at its first annual general meeting which was held on September 27. The company’s shareholders also gave approval to create mortgage or charge over the assets of the company under the Companies Act, 2013.

Max Ventures & Industries was formed as one of the resultant entities following the demerger of the erstwhile Max India in January 2016.

Peers
Company Name CMP
Bajaj Finserv 1729.90
TVS Holdings 11885.75
Cholamandalam Fin. 1371.35
Altius Telecom Infra 179.00
Kama Holdings 2259.85
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