Max Ventures Investment Holdings Private Ltd has sold 55 lakh equity shares in Max Financial Services Ltd (MFSL) in the open market, thereby reducing its shareholding from 3.22 per cent to 1.62 per cent.
Post the share sale, Max Ventures Investment Holdings is holding 55,95,923 shares in Max Financial Services, per MFSL’s regulatory filing.
MFSL, which is part of Max Group, is focused on life insurance. The company actively manages Axis Max Life Insurance Company Limited. The life Insurance company is a Joint Venture between MFSL and Axis Bank.