Max Ventures makes its debut

Max Ventures and Industries (earlier recognized as Capricorn Ventures), the holding company for Max Specality, a well known name in speciality packaging films, got listed on the national indices today. This is the second company which got listed after the demerger of erstwhile Max India, which has split into three entities - Max Financial Services, Max Ventures and Max India.

It got listed on the BSE at Rs.45 and is now locked at the 5% upper circuit at Rs.47.25.

Siva Enterprises & PVT Ventures (acquirers), which are controlled by Analjit Singh and/or his relatives,  are the promoters of this company. And the promoting companies have made an open offer for acquisition of up to 1.84 crore shares or 34.6% stake in the company from shareholders of Max Ventures at Rs 31.50/share.

If fully accepted, the total promoter stake would go up to 75%.

Max Financial is already listed and the third arm, Max India is expected to get listed by end of this month.