Moneycontrol
Last Updated : Oct 12, 2018 02:30 PM IST | Source: Moneycontrol.com

Max India stock jumps 6% after Bajaj Finance raises stake in company

Bajaj Finance acquired 2.04 percent stake in Max India, the holding company for Max Healthcare, Max Bupa Health Insurance and Antara Senior Living.

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Max India share price rallied 6.3 percent intraday Friday after non-banking finance company Bajaj Finance raised its stake in the company.

The scrip price was quoting at Rs 73.05, up Rs 2.60, or 3.69 percent on the BSE, at 12:25 hours IST.

Bajaj Finance acquired 2.04 percent stake in Max India, the holding company for Max Healthcare, Max Bupa Health Insurance and Antara Senior Living.

After this acquisition, Bajaj Finance increased its stake in the Max Group company to 7.24 percent from 5.21 percent earlier, post encumbrance.
First Published on Oct 12, 2018 12:42 pm
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