Max India stock jumped 3% after board approved a ₹125 crore rights issue

On April 24, the share price of Max India reached a high of ₹230.7 per share on the BSE after the company’s board approved the plan to raise funds of ₹125 crore via a rights issue, showcasing a rise of 3% in trading.

The company’s stock rose suddenly after the company’s board of directors agreed to raise up to ₹125 crore by providing some shares to existing shareholders.

Yesterday, on April 24, as of 12.56 PM, the share price of Max India was up 1.07% at ₹225.95. On the other hand, the BSE Sensex fell 0.33% to 79,853.68. We can see that Max India’s stock price in the last 52 weeks has been fluctuating from a high of ₹337.6 and a low of ₹170.

Max India’s rights issue will be open on Wednesday, May 7, 2025, and close on Thursday, May 22, 2025. Friday, May 16, 2025, will be the last date to sell your right issue on the stock exchange’s platform. 

Max India is going to offer 82,81,973 fully paid equity shares with a face value of 10 each to their existing shareholders, however, now these shares have a price of ₹150 per share, meaning the extra ₹140 is premium, so in order to buy the right issues, one needs to pay a total of ₹150.

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