Max Ventures likely to sell 1.59% stake in Max Financial via block deals: Sources – CNBC TV18

Max Ventures Investment Holding is likely to offload up to 1.59% stake in Max Financial Services through block deals, according to CNBC-TV18 sources.  The offer price is reportedly fixed at ₹1,117.6 per share, representing a 0.5% discount to the company’s current market price (CMP). The total size of the block deal is estimated at ₹611.6 crore, the sources added.

#NewsFlash | Max Ventures Investment Holding likely to sell up to 1.59% stake in the Max Financial via block deals. Offer price at ₹1,117.6/sh, sources to @nimeshscnbc pic.twitter.com/XHp1zkBkhq

— CNBC-TV18 (@CNBCTV18Live) March 26, 2025

Earlier on September 5, 2024, a block deal involving 1.5 crore shares of Max Financial Services, representing 4.3% of the company’s equity, with the total transaction value amounting to ₹1,637 crore.

Max Financial Services is a leading player in the life insurance sector through its joint venture with Axis Bank. The company reported a 62.3% year-on-year (YoY) decline in net profit at ₹56 crore for the third quarter that ended December 31, 2024.

Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, jumped 61.2%, coming at ₹122.8 crore .