Stocks

Will PE selling affect Max India?

K.S. Badri Narayanan | Updated on December 11, 2011

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Watch out for some action on Max India shares at the bourses this week. According to a block deal data available with the NSE, Warburg Pincus, through its arm Parkville Holidngs Ltd, sold a bulk of its holding in Max India. In June also, the private equity major sold around 2 per cent stake. Warburg Pincus held 12.31 per cent stake in Max India as of September 30, through its three arms - Parkville Holdings, Melany Holdings and Madison Holding. Parkvile Holdings, which held 2,47,86,720 shares, has offloaded 1,71,96,381 shares (about 70 per cent) at Rs 180 each to GS Mace Holdings on Friday. At the end of September 30, promoter holding stood at 37.03 per cent, FIIs at 30.47 per cent and that of domestic institutions at 23.44 per cent.

Published on December 11, 2011

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