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Max Financial Services' promoter pares 3.6% stake for Rs 1,091 crore
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Max Financial Services, offloaded a 3.6% stake in the company for ₹1,091 crore through open market transactions. Nippon India Mutual Fund (MF), ICICI Prudential MF, Kotak MF, Kotak Mahindra Life Insurance, HDFC Standard Life Insurance, Morgan Stanley Asia Singapore, International Monetary Fund and Plutus Wealth Management among others were the buyers of the shares of MFSL on both BSE and NSE.
Max Financial Services Ltd (MFSL) is the holding firm for Max Life Insurance Company.
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