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Updates on Composite Scheme of Arrangement

| Updated on May 16, 2016 Published on May 16, 2016

With reference to the earlier letter dated May 10, 2016 regarding the Composite Scheme of Arrangement, Max Financial Services Ltd has now informed BSE about the following additional information:

Following the receipt of approval letter from Foreign Investment Promotion Board (FIPB), Max India Limited, in its Board meeting held on May 14, 2016 allotted 26,69,83,999 equity shares of Rs. 2/- each in the ratio of one equity share of Rs. 2/- each of Max India Limited for every one equity share of Rs. 2/- each held in Max Financial Services Limited as on the Record Date, i.e. January 28, 2016, in terms of the sanctioned Scheme of Arrangement.

Max India Limited is now in the process of taking requisite actions for listing the aforesaid equity shares.

Pdf Link: >Updates on Composite Scheme of Arrangement

Source : BSE - >www.bseindia.com

Published on May 16, 2016
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