Max India has received approval from board of directors for investments of around Rs 231 crore in its direct wholly owned subsidiary companies (WOSs) i.e. Antara Senior Living and Antara Assisted Care Service, by acquiring new equity / preference shares or by way of Inter-Corporate Deposits (ICD) in one or more tranches during financial year 2022- 23, to meet their funding / business expansion requirements. The said approval is in supersession of unutilised limits approved earlier. The additional infusion of capital as aforesaid will enable these Companies to meet their respective business expansion and funding requirements.
The Board of Directors of the company in its meeting held on May 25, 2022 has considered and approved the same.
Max India is now the holding company of Max Group’s Senior Care business ‘Antara’, and a skilling company ‘Max Skill First’.
