Max Estates Ltd forms new subsidiary; Stock gains over 1.5%

7 Sep 2022 , 10:56 AM

Max Estates Limited, wholly owned subsidiary of Max Ventures and Industries Limited has incorporated a wholly owned subsidiary in the name of Max Estates Gurgaon Limited on September 5, 2022.

As per the regulatory filing, Max Estates Gurgaon Limited has been incorporated with an object to focus on real estate business of the Company.

However, the newly-incorporated subsidiary is yet to commence its business operations, the company said in a filing.

On Wednesday, at around 10:55 AM, Max Ventures and Industries Ltd is currently trading at Rs129.50 per share up by Rs2.1 or 1.65% from its previous closing of Rs127.40 per share on the BSE.

The scrip opened at Rs126.90 per equity share and has touched a high and low of Rs129.70 per share and Rs126.40 per share respectively so far today. The current market cap of the company is Rs1,873.97 crore.

For feedback and suggestions, write to us at [e-mail]