Max Estates Limited acquires equity shares in subsidiary Max Square Limited pursuant to CCD conversion
Max Estates Limited, a real estate developer (subsidiary of Max Healthcare in the Max group), announced the acquisition of equity shares in its own subsidiary Max Square Limited (engaged in real estate development) pursuant to the automatic or optional conversion of CCDs previously held by Max Estates. The transaction was disclosed via NSE regulatory announcement under the Listing Obligations and Disclosure Requirements (LODR). No consideration amount is disclosed in the public filing; the conversion mechanics and valuation would be determined by the original CCD instrument terms and Companies Act 2013 Schedule VI valuation norms for related-party transactions.
Why it mattersParent-to-subsidiary CCD conversion mechanics highlight the use of debt instruments as internal capital restructuring tools; review Companies Act 2013 Sch. VI valuation norms and SEBI DIP guidelines on related-party pricing where parent converts instruments at conversion terms.
Counsel—
SectorInfrastructure
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Sources
- NSE (National Stock Exchange of India) · official
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