Max India announces successful closure of rights issue

Max India (MIL) has announced the successful closure of its Rights Issue, raising Rs 124.23 crore through the issuance of 82,81,973 fully paid-up equity shares at Rs 150 per share. The offering was oversubscribed, signalling strong investor support for the company's strategic direction, leadership, and long-term vision to build an integrated platform offering lifecare and lifestyle products and services designed to enhance the quality of life for seniors.