The Company has received the in-principle approval of the Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Limited as of the end of the day today i.e. on April 22, 2025, with respect to the proposed Rights Issue of the Fully Paid-up Equity Shares of the Company.as per detailed disclosure enclosed
MAXIND · price
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Awaiting price reaction for this filing.
Max India Limited has received in-principle approval from both BSE and NSE for its proposed Rights Issue of fully paid-up equity shares. The approval was granted at the end of the day on April 22, 2025. This is a procedural milestone that allows the company to move forward with the rights issue process. Detailed disclosure regarding the terms of the issue has been enclosed with the announcement. Specifics such as issue size, price, ratio, or record date were not mentioned in this particular filing.
This is an early-stage regulatory step for the rights issue. Existing shareholders may get an opportunity to subscribe to additional shares, but key terms like the issue price, discount, and ratio are yet to be confirmed in subsequent filings. Short-term stock reaction is likely to be neutral until further details emerge.