Max Estates Acquires More Shares in Subsidiary Max Square
Max Estates Limited has acquired an additional 4,46,30,000 equity shares in its subsidiary, Max Square Limited (MSL), through the conversion of Series A Compulsorily Convertible Debentures (CCDs). This conversion increases Max Estates' holding in MSL from 11,09,30,000 to 15,55,60,000 equity shares. Despite the increased share count, Max Estates' percentage shareholding in MSL remains approximately 51%, and control of MSL continues to be with Max Estates. The transaction was executed on August 11, 2026, pursuant to SEBI regulations and the terms of the CCDs, and is considered an arm's length transaction. MSL operates in the Real Estate sector, with a turnover of INR 57.69 Crore for FY 2025-26 and total assets of INR 1,104.82 Crore as of March 31, 2026.
Key Highlights
- Max Estates increased equity in subsidiary Max Square via CCD conversion.
- Shareholding percentage remains stable at ~51%; no change in control.
- Acquisition follows conversion of Series A CCDs held by Max Estates.
- MSL's turnover was INR 57.69 Cr in FY26; assets INR 1,104.82 Cr.
- Transaction is an arm's length deal under SEBI regulations.
Price Impact
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