Max India shares jumped over 3% on April 23, 2025, after the company’s board gave the green light to raise ₹125 crore via a rights issue. The stock surged to an intraday high of ₹230.70 on the BSE, showing positive investor sentiment following the announcement.
As of 12:56 PM, Max India share price was trading at ₹225.95, up 1.07%. This gain came even as the broader market, with the BSE Sensex down 0.33%, showed a negative trend. The company’s current market cap stands at ₹984.90 crore.
Rights Issue Details
Max India plans to raise ₹125 crore through a rights issue by offering 82,81,973 fully paid-up equity shares with a face value of ₹10 each. The issue price is set at ₹150 per share, including a premium of ₹140 per share.
Eligible shareholders will get 19 equity shares for every 100 shares held, as per the record date fixed for April 29, 2025.
Important Dates
- Issue Opens: Wednesday, May 7, 2025
- Issue Closes: Thursday, May 22, 2025
- Last Date for On-Market Renunciation: Friday, May 16, 2025
Renunciation refers to the last day investors can trade or sell their rights entitlements (REs) on the stock exchange.
Stock Performance
- 52-week high: ₹337.60
- 52-week low: ₹170.00
About Max India
Max India is the parent company of the Max Group’s Senior Care business – Antara. It provides integrated solutions for senior citizens, including:
- Antara Senior Living: Independent-living residential communities
- Assisted Care Services: Care Homes, Care at Home
- Antara AGEasy: Chronic condition management services
The rights issue aims to fund business expansion and strengthen the company’s capital base for future growth in India’s growing senior care sector.
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