Max Financial Services Ltd (MFSL) witnessed a large block trade on Thursday morning. Approximately 1.5 crore shares, representing 4.3% of the company’s equity, changed hands in a transaction valued at ₹1,637 crore.
The stock opened lower following the news, touches day low at ₹1,105.00 on the National Stock Exchange (NSE) in early trade.
This substantial trade has caught the attention of market participants, as it represents a considerable chunk of Max Financial’s ownership. The identity of the buyer and seller involved in this transaction remains undisclosed at the time of reporting.
Market observers are advised to conduct their own research and consult financial advisors before making investment decisions based on this development.
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