Max India Allots 36.2 Lakh Shares Worth ₹80.3 Cr on Preferential Basis

Max India Limited has approved the allotment of 36,19,594 equity shares of Rs 10 each at a premium of Rs 212 per share, totaling Rs 80,35,49,868. This allotment is pursuant to the conversion of Fully Convertible Warrants on a preferential basis to entities including Max Ventures Investment Holdings Private Limited and Singularity Equity Fund I. The company's paid-up equity share capital has consequently increased to Rs 56,20,24,560, comprising 5,62,02,456 equity shares. The allotted securities will be subject to lock-in restrictions as per SEBI regulations.