Friday, May 15, 2009

Max India Board Approved Issuance Equity Shares - May 15, 2009

Max India Ltd has informed that the Board of Directors of the Company at its meeting held on May 15, 2009, inter alia, has approved the following:

1. The issuance 10,326,311 equity shares of Rs 2/- each at a premium of Rs 143.26 per equity share, aggregating to Rs 150 Crores to International Finance Corporation, Washington, USA and

2. Convene an Extra Ordinary General Meeting of the Shareholders of the Company on June 12, 2009 seeking their approval for the aforesaid purpose.

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