Friday, October 12, 2018

Stock Market News and Tips: Max India stock jumps 6% after Bajaj Finance raises stake

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Bajaj Finance acquired 2.04 percent stake in Max India, the holding company for Max Healthcare, Max Bupa Health Insurance, and Antara Senior Living.

Max India share price rallied 6.3 percent intraday Friday after non-banking finance company Bajaj Finance raised its stake in the company.

The scrip price was quoting at Rs 73.05, up Rs 2.60, or 3.69 percent on the BSE, at 12:25 hours IST.

Bajaj Finance acquired 2.04 percent stake in Max India, the holding company for Max Healthcare, Max Bupa Health Insurance, and Antara Senior Living.
After this acquisition, Bajaj Finance increased its stake in the Max Group company to 7.24 percent from 5.21 percent earlier.

Source:- Moneycontrol


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