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 Corporate - Preferential Allotments
Max India allots shares to IFC

Our Bureau

New Delhi, June 22 Max India Ltd has allotted 1.03 crore equity shares of the company to International Finance Corporation (IFC) on a preferential basis.

The shares have been allotted at a premium of Rs 143.26 a share, for a share of Rs 2 each. Max India will mobilise Rs 150 crore through this preferential allotment of shares.

A committee of directors made the allotment to IFC on June 19 on a preferential basis, Max India said in a communique to the National Stock Exchange.

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