Hero Corp could buy 10-15% stake in Max Financial Services Ltd

Hero Corp may pick up a stake of 10-15% or more, said one of the persons. Under the proposed deal that’s likely to be announced shortly, it may declare itself a co-promoter along with Analjit Singh and make an open offer. Sunil Kant Munjal is expected to join the board of Max Financial, which has a market capitalisation of Rs 12,963 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/36ThUvW