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Goldman units to sell up to $110 million stake in India's Max Financial

Reuters  |  MUMBAI 

MUMBAI (Reuters) - Goldman Sachs will sell shares worth up to $110 million in India's Max Financial Services Ltd on Friday, according to a deal term sheet seen by Reuters.Two Goldman units are offering to sell a 4.42 percent stake, or 11.8 million shares, in Max Financial in a block trade, the term sheet showed.The share sale's floor price has been set at 595 rupees, which is a 0.8 percent discount to the stock's Thursday closing price.Citi is the sole bookrunner.In April, Goldman sold a 3.7 percent stake in Max Financial. (Reporting by Savio Shetty and S. Anuradha; Editing by Mark ...

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First Published: Thu, September 14 2017. 18:47 IST