Max India up on restructure plan
By
Research Desk
about 9 years ago
Max India has hit a new high today at Rs.505 and volumes have jumped by over 6 times. The stock continues to remain in the green, up over 7%. Market cap stands at Rs.12,878 crore.
The stock is up after the company stated today morning that its Board is looking at the option of corporate restructuring. It has said that it is in the process of finalising a few options for corporate restructuring, which will be presented to Investment and Finance Committee (I&FC) for its consideration. It is in the process of ascertaining the availability of directors to convene a meeting of I&FC.