Diversified firm Max India shareholders today met for considering Rs 150 crore fund raising plan by issuing shares to US-based International Finance Corporation (IFC) on preferential basis for meeting funding requirements.     

Earlier, the board has approved the allotment of 1.03 crore shares to IFC at Rs 145.26 a piece, aggregating to Rs 150 crore, Max India said in a filing to the Bombay Stock Exchange.     

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The group is engaged in healthcare, IT services and financial services.      

Shares of Max India were trading at Rs 229, down 6.72 per cent in the afternoon trade on the BSE.

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