Brief: Max Estates Announces Investment From New York Life Insurance

Max Estates

01/05/2024 09:33

May 1 (Reuters) - Max Estates Ltd  MAXS.NS :
    * ANNOUNCES INVESTMENT OG 3.88 BILLION RUPEES FROM NEW YORK
LIFE
INSURANCE COMPANY
    * MAX ESTATES TO USE PROCEEDS FOR EXPANDING IN HIGH GROWTH
RESIDENTIAL MARKET
    * UPON TRANSACTION’S CLOSE, NEW YORK LIFE WILL ACQUIRE 49%
STAKES
IN 2 SPVS OF MAX ESTATES
    * MAX ESTATES WILL HOLD 51 % IN THE TWO SPVS AFTER THE
TRANSACTIONS ARE CONCLUDED

Source text for Eikon:  ID:nBSE3yQrFr 
Further company coverage:  MAXS.NS 

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