Max India ~ BSE & NSE mess up post de-merger quoting & adjusted bands today !

Max India ~ BSE & NSE mess up post de-merger quoting today !

From today,Wednesday,January 27,2016 Max India has started quoting ex Scheme of Arrangement that will involves three Companies as below

  1. Original Listed Company Max India  renamed as Max Financial Services (MFS)
  2.  Resulting Company,Taurus Ventures to be listed later and renamed Max India (Max)
  3. Resulting Company Capricorn Ventures to be listed later and renamed as Max Ventures & Indutries (MVI)

Record Date is set for tomorrow Thursday,January 28,2016 for :

  • Resulting Company Max to issue 1 share of FV Rs 2 for every 1 share of FV Rs 2 held in Original Company now MFS
  • Resulting Company MVI to isuue 1 share of FV Rs 10 for every 5 shares of FV Rs 2 held in Original Company now MFS
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