Upon completion of the demerger it is proposed to name the second vertical Max India, which will continue to manage investments in the high potential Health and Allied businesses, essentially comprising; Max Healthcare, Max Bupa, Antara Senior Living and supported by a Corporate Management Services team. The demerger will provide these businesses, which are currently in their growth and development phases, sharpened focus to fulfil their tremendous potential. The Corporate Management Services team will manage a shared services centre, which will provide functional support to all 3 verticals.
The third vertical will house the investment activity in the group’s manufacturing subsidiary, Max Speciality Films - an innovation leader in the Speciality Packaging Films business - and will be named Max Ventures and Industries (MVIL). Set-up in 1989, the Speciality Packaging Films business has been consistently profitable. It recorded revenues of Rs 746 crore and profit of Rs 14 crore in FY2014. The Prime Minister's new initiative Make in India is set to provide fresh impetus to this business and for this vertical, to start looking at fresh ideas in the wider world of business.
Sotck closed at Rs 492.75 up by 38.20 points or 8.40 % from its previous closing of Rs. 454.55 on the BSE.
The third vertical will house the investment activity in the group’s manufacturing subsidiary, Max Speciality Films - an innovation leader in the Speciality Packaging Films business - and will be named Max Ventures and Industries (MVIL). Set-up in 1989, the Speciality Packaging Films business has been consistently profitable. It recorded revenues of Rs 746 crore and profit of Rs 14 crore in FY2014. The Prime Minister's new initiative Make in India is set to provide fresh impetus to this business and for this vertical, to start looking at fresh ideas in the wider world of business.
Sotck closed at Rs 492.75 up by 38.20 points or 8.40 % from its previous closing of Rs. 454.55 on the BSE.
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