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Max Estates Limited lists on stock exchanges

Oct 30, 2023

By: BlinkX Research Team

Max Estates Limited, post scheme of arrangement with Max Ventures and Industries Limited, is now listed on the Indian stock exchanges, and BSE. 

The company has achieved the conclusion of the reverse merger of Max Ventures and Industries Limited (MVIL) into Max Estates Limited (MEL) – a historical milestone in the company’s timeline. This entails that MVIL will be amalgamated, and all the assets and liabilities of MVIL will vest with MEL. The new listed entity, named Max Estates Limited, will truly reflect the vision, the nature of the business and aspirations to scale the real estate footprint in Delhi‐NCR. 

The merger would provide clarity and will simplify the corporate structure and enable the company to re‐name the entity as Max Estates – a move that will resonate with real estate as the only focus of the company. Over last few years, Max Estates has strategically curated a development portfolio encompassing 8 million square feet, aligning with its strategy of "One region, multiple asset" classes. This portfolio represents a well‐ rounded diversity within the Delhi‐NCR region, encompassing various geographical locations, asset categories (both commercial and residential), and risk profiles, which encompass completed projects, those nearing completion, and those in the design phase.