JOIN USMax India, one of India’s leading multi business corporates, has announced its demerger into three listed companies — Max Financial Services, Max India, and Max Ventures and Industries — to provide its investors with specific and undiluted access to its diverse lines of businesses, unlock shareholder value and enable sharper focus on each operating business.
The first holding company, Max Financial Services (MFS) will focus solely on managing the Group’s flagship life insurance business, through its 72 per cent shareholding in Max Life.
It will become the first Indian listed company exclusively focused on life insurance, a press release said.
The second holding company, which retains the name Max India, will manage investments in the high potential Health and Allied businesses - Max Healthcare, Max Bupa and Antara Senior Living. The third holding company, Max Ventures & Industries (MVIL) will manage the investment in the manufacturing subsidiary, Max Speciality Films, which is an innovation leader in the Speciality Packaging Films business.