Max India (formerly Taurus Ventures Limited) is locked in lower circuit of 5% at Rs 171, after opening at Rs 180 on the National Stock Exchange (NSE).
On the BSE, the stock locked lower circuit at Rs 185, after opening at Rs 195. It touched high of Rs 200 so far. Till 10:40 AM, a combined 3.72 million shares changed hands and there were pending sell orders for 4.97 million shares on the NSE and BSE.
The new ‘Max India Limited’, which is the holding company of Max Healthcare, Max Bupa Health Insurance and Antara Senior Living, is the third company that has start trading on the bourses post the demerger of erstwhile Max India.
Max Financial Services and Max Ventures and Industries have already started trading ex-demerger on 27th January and 22nd June, 2016 respectively.
“The listing will unlock value for the shareholders of erstwhile Max India allowing them to trade in a stock which manages investments in high-potential Health and Allied services businesses,” Max Financial Services said in a press release.