Max India’s Board has approved a proposal for further investment of up to Rs 115 crore, in Antara Senior Living, a wholly owned material Subsidiary (WOS) of the company by way of subscribing to its Compulsorily Convertible Preference Shares (CCPS) in one or more tranches to meet its funding / business expansion proposals. The Board of directors of the company in its meeting held on March 20, 2020, has considered and approved the same.
Max India is engaged in the business of investments and providing consultancy services to group companies. The company’s segments are Healthcare Business, Business Investments, Health Insurance, Senior Living and others.
