Max Financial Services Ltd (MAXI.NS)
* Net loss in sept quarter last year was 131.2 million rupees; revenue from operations was 129.6 million rupees
MUMBAI Goldman Sachs will sell shares worth up to $110 million in India's Max Financial Services Ltd on Friday, according to a deal term sheet seen by Reuters.
MUMBAI, Sept 14 Goldman Sachs will sell shares worth up to $110 million in India's Max Financial Services Ltd on Friday, according to a deal term sheet seen by Reuters.
* Net profit after tax in June quarter last year was 1.07 billion rupees; total revenue was 1.32 billion rupees Source text: (http://bit.ly/2vmo1Xw) Further company coverage:
July 31 India's Max Financial Services on Monday called off its proposed merger with HDFC Standard Life Insurance Co Ltd, citing delays in the process.
BRIEF-Max Financial Services says inordinate time for finalization led to withdrawal of merger with HDFC Life
* Inordinate time associated with finalization and approval of structures led to withdrawal of merger with HDFC Life
* Amalgamation agreement between co, Max Life Insurance, Max India and HDFC Standard Life Insurance is not being extended further