We want to be the top few preferred brands in NCR in real estate: Sahil Vachani, Max Ventures

economictimes.indiatimes.com:

«So, Max Estates now directly gets listed. Of course, the name will change to reflect the nature of our business and as an offering, it is a pure play real estate development company focussed on the national capital region,» says Sahil Vachani, Max Ventures.Let us understand the thought behind this change. It is just a change of the name by merging it with a subsidiary. Was there a need to do this?Yes, so the idea was to be able to directly list Max Estates and take away the holding company structure.

If you recall, when we had Max Ventures and Industries, we had the packaging business as a subsidiary. So, there was a packaging business and the real estate business. With our exit of the packaging business, complete exit to our erstwhile partners Toppan, we have now become a pure play real estate focussed player and the idea was to directly list the real estate company and therefore remove the holding company structure, so to speak.

So, Max Estates now directly gets listed. Of course, the name will change to reflect the nature of our business and as an offering, it is a pure play real estate development company focussed on the national capital region. So, for existing shareholders of Max Ventures, nothing changes, it is just the name changes technically.

Yes, technically, it is just a merger between the listed company and its operating company. So, the name changes and also one layer of corporate structure goes away. So, Max Estates now becomes directly listed.For an existing shareholder, there would be entire process, NCLT approval which I think you have already got and then there would be a period when the stock has to compulsorily go off the grid, it will be delisted for some time I am assuming?That is correct.