MoneyWorks4Me

Max Ventures and Industries gets nod to amalgamate with Max Estates

20 Apr 2022 Evaluate

Max Ventures and Industries’ board has approved amalgamation of the company with its wholly-owned subsidiary Max Estates as a part of group's restructuring exercise and to focus completely on real estate business.

The board of directors in its meeting held on April 18 has approved the composite scheme of amalgamation and arrangement amongst Max Ventures and Industries and Max Estates and their respective shareholders and creditors. The scheme is for amalgamation of Max Ventures and Industries (MVIL or transferor company) with Max Estates (MEL or transferee company).

Max Ventures and Industries, a part of Max Group, operates primarily in the areas of manufacturing and real estate.

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
View more..