Max Ventures and Industries Limited (MVIL), one of the three new holding companies formed after demerger of the erstwhile Max India Limited, will list and start trading on the NSE as well as the BSE tomorrow.
The listing will unlock value for the shareholders of erstwhile Max India, the company said in a statement.
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MVIL will be the second company to start trading on the bourses after the demerger of the erstwhile Max India. Max Financial Services, (previously known as Max India Limited) had already started trading post demerger on January, 2016.
MVIL provides management services and manages the investment in its manufacturing subsidiary, Max Speciality Films (MSF), which is in the Speciality Packaging Films business.
The company recently incorporated a wholly-owned subsidiary, Max Estates Limited, which will undertake Real Estate development projects, it said.
It also aims to evaluate new ideas in the ‘wider world of business’, including but not limited to sectors such as education, real estate and technology taking cues from the economic and commercial reforms agenda of the present government, including ‘Make in India’, ‘Skill India’, ‘Digital India’, among others, it said.
MVIL had also recently announced its intent to invest in Azure Hospitality Pvt Ltd through its wholly owned investment subsidiary.