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The 7.37-crore share rights issue of Max Ventures & Industries will open on July 10 and close on July 24. The company, which plans to raise ₹449.89 crore, has fixed the issue price at ₹61/share. The rights entitlement ratio is 67 rights shares for every 66 fully paid-up shares held by eligible shareholders as on the record date — June 22.
Max Ventures and Industries, a subsidiary of the $3-billion Max Group, operates primarily in the areas of manufacturing and real estate. It is also the holding company for Max Speciality Films, an innovation leader in the speciality packaging films business.
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