Stocks

Max Financial shares fall; Goldman Sachs to sell stake

Reuters | Updated on January 15, 2018 Published on April 21, 2017

Max Financial shares fall as Goldman Sachs has said it will sell stake in the company.

Shares of Max Financial Services Ltd fell as much as 3.99 per cent to its lowest since April 7.

At about 10.35 am, the stock was quoting 3.20 per cent lower or Rs 20.80 at Rs 629.95 on the BSE.

Goldman Sachs will sell stake of up to 3.74 per cent, for a value of as much as $123 million, in Max Financial on Friday, according to term sheet seen by Reuters

The stock had risen 18.6 per cent this year up to Thursday's close.

Published on April 21, 2017
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