News From Press Max India wraps up three-way demerger

Max India wraps up three-way demerger

Source: Business Standard Jan 16, 2016

Max India on Thursday announced its demerger into three listed companies, Max Financial Services, Max India and Max Ventures & Industries.

Analjit Singh has taken the position of founder and chairman emeritus after stepping down from the chairmanship as well as from the group's board. Rahul Khosla will be the new president of Max Group.

The shares of Max Financial Services would trade ex-demerger on January 25 and the listing of Max India and Max Ventures was likely around March 15, said Mohit Talwar, who will be managing director of Max Financial Services and Max India.

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