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Warburg to pick up stake in Max India

MUMBAI, MAY 24. Max India will allot one crore equity shares of Rs. 10 each, representing 29.17 per cent of the share capital, to Parkville Holdings Ltd., a member of the Warburg Pincus group for a consideration of Rs. 200 crores.

The board has approved the issue of one crore equity shares at a price of Rs. 200 per share including premium of Rs. 190 per share to Parkville Holdings Ltd, the company informed the Stock Exchange.

PTI

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