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Stocks

HDFC and Reliance Mutual Fund trade newly listed Max Ventures and Industries

Max-Ventures-and-Industries-Logo.png

Max Ventures and Industries Logo

Max Ventures and Industries is one of the three new holding companies formed after the demerger of the erstwhile Max India Limited.

MVIL provides management services to and manages the investment in its manufacturing subsidiary, Max Speciality Films (MSF), which is an innovation leader in the Speciality Packaging Films business.

MVIL’s Investment Vertical will facilitate Intellectual & Financial Capital to promising and proven early-stage organizations across identified strategic growth sectors such as Hospitality, Food & Beverages, and Healthcare, Technology-based Financial Services, Education and Real Estate. (latest shareholding pattern here)

Marking its debut in the markets today, the stock which got listed at Rs. 45/- was locked in upper circuit at Rs. 47.25/-.

HDFC Mutual Fund sold 480,000 shares representing 0.90% at an avg. price of Rs. 46.02/- per share while Reliance Mutual Fund purchased 678,336 shares representing 1.27% at an avg. price of Rs. 47.25/- per share (Reliance Growth Fund sold shares while Reliance Small Cap Fund purchased shares). 

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