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Max India Ltd ( (IN:MAXIND) ) has issued an update.
Max India Ltd’s subsidiary, Antara Senior Living Limited, has acquired a 10% equity stake in Max Estates Noida Private Limited for INR 7,03,37,990. This acquisition is part of a consortium bid for a plot in Noida, which was awarded to Max Estates Limited and its partners. The transaction is a related party transaction conducted at arm’s length, and it is expected to enhance Max India’s positioning in the real estate sector.
More about Max India Ltd
Max India Ltd operates in the real estate sector through its subsidiary, Max Estates Noida Private Limited, which is engaged in real estate development. The company focuses on expanding its presence in the real estate industry, although Max Estates Noida Private Limited has not reported any turnover since its incorporation in 2023.
YTD Price Performance: -31.31%
Average Trading Volume: 7,585
Learn more about MAXIND stock on TipRanks’ Stock Analysis page.