homebusiness Newscompanies NewsMax Financial Block Deal: 3.3% equity worth nearly Rs 1,000 crore changes hands; Promoter entity likely seller

Max Financial Block Deal: 3.3% equity worth nearly Rs 1,000 crore changes hands; Promoter entity likely seller

CNBC-TV18 had reported in its dealing room chatter on Wednesday that a large deal is likely to take place in the stock in which the promoter entity is likely to be the seller.

By CNBCTV18.com Aug 24, 2023 10:00:43 AM IST (Updated)

1 Min Read

Max Financial Services had 1.12 crore shares or 3.6 percent of the total equity exchange hands in a large trade which took place in the pre-market block window.
Shares exchanged hands at an average price of Rs 883. Buyers and sellers in the transaction are not known. The total transaction size is well over Rs 1,000 crore.
However, CNBC-TV18 had reported in its dealing room chatter on Wednesday that a large deal is likely to take place in the stock in which the promoter entity is likely to be the seller.