JKB Financial Services Ltd.

As on : 29-Aug-2026

Corporate News
29-Aug-2026 09:24

Max Estates secures land assets via Rs 4,202 crore share swap with key investors

Max Estates is acquiring land assets through a share swap funded by a preferential issue of up to 70,33,162 fully paid-up equity shares at Rs 597.50 per share, totaling approximately Rs 4,20,23,14,295. Investors participating in the issue include Max Ventures Investment Holdings Private Limited, Terra Planet Estates Private Limited, and several individual investors such as Mr. Ashok Seth and Mrs. Anita M. Gupta. Following the issue, Max Ventures Investment Holdings will see its shareholding increase from 21.89% to 24.42%, calculated on a fully diluted basis. Shareholders entitled to fractional shares have voluntarily waived their rights to those portions. The acquisition utilizes a share swap structure, exchanging equity for the land assets.

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