Jan 31, 2018
Seamos quienes seamos, seremos tan goals.
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Seamos quienes seamos, seremos tan goals.
The Board of Max Ventures and Industries Limited (MaxVIL) today made a preferential offer, subject to shareholder approval, to issue common stock to a subsidiary of New York Life Insurance Company. New York Life is the largest mutual life insurance company in the United States and one of the largest life insurers in the world, with more than $500 billion under management.
The Promoters of Max Ventures & Industries Limited (MaxVIL), led by Chairman Mr. Analjit Singh, today announced that they have acquired an additional 1.11% stake in MaxVIL on 1st December from the open market at prevailing market prices. Coupled with the 3.6% stake acquired over a three-day trading period from 25-29 November, the promoters have now acquired a total of 4.71% in the Company through creeping acquisition. The Promoters’ shareholding in the Company now stands at 45.11%.
Max Ventures and Industries Ltd. (MaxVIL), the second company listed following the demerger of the erstwhile Max India, today announced its financial results for the first quarter of FY2016-17. MaxVIL, which serves as the Max Group’s entrepreneurial arm to explore the ‘wider world of business’, reported strong performance, with consolidated operating revenues of Rs. 154.9 Cr. and consolidated Profit Before Tax (PBT) of Rs. 3.8 Cr. in Q1 FY2017.