Max India allots 60 lakh shares to Goldman Sachs
Diversified group Max India today said it has alloted 60.19 lakh debentures to Goldman Sachs Capital Partners for Rs 521.9 crore.
By PTI |
MUMBAI: Diversified group Max India today said it has alloted 60.19 lakh debentures to Goldman Sachs Capital Partners for Rs 521.9 crore.
The company through its subsidiary Xenok Ltd has allotted 60.19 lakh compulsorily convertible debentures of Rs 867 per share, aggregating to Rs 521.9 crore, to Goldman Sachs Capital Partners, Max India said in a filing to the Bombay Stock Exchange.
The compulsorily convertible debentures would carry a coupon rate of 12 per cent per annum.
Each compulsorily convertible debentures would be compulsorily converted into four equity shares of Rs 2 each at a premium of Rs 214.75 per equity share on or before 15 months from the date of allotment, the filing added.
Shares of Max India today closed at Rs 791.60 on BSE, up 1.31 per cent from previous close.
The company through its subsidiary Xenok Ltd has allotted 60.19 lakh compulsorily convertible debentures of Rs 867 per share, aggregating to Rs 521.9 crore, to Goldman Sachs Capital Partners, Max India said in a filing to the Bombay Stock Exchange.
The compulsorily convertible debentures would carry a coupon rate of 12 per cent per annum.
Each compulsorily convertible debentures would be compulsorily converted into four equity shares of Rs 2 each at a premium of Rs 214.75 per equity share on or before 15 months from the date of allotment, the filing added.
Shares of Max India today closed at Rs 791.60 on BSE, up 1.31 per cent from previous close.
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