Max Group, which has approved demerger into three companies, today said shares of Max India will start trading ex-demerger from January 27.
The existing company is in the process of being renamed as Max Financial Services, Max Group said in a statement.
Max India demerged into three separate companies--Max Financial Services, Max India and Max Ventures and Industries--on January 15, to give undiluted access to the Group's diverse lines of businesses, provide sharper focus to each operating business and unlock shareholder value.
The first listed company, Max Financial Services Limited (MFS) will focus on managing the Group's flagship life insurance business, through its 72 per cent shareholding in Max Life, making it the first Indian listed company exclusively focused on life insurance.
The second holding company, which retains the name Max India Limited, will manage investments in the high potential Health and Allied businesses - Max Healthcare, Max Bupa and Antara Senior Living.
The demerger will provide these businesses, which are currently in their growth and development phases, closer attention to fulfil their tremendous potential.
