Max Estates Limited — Important, 29-10-2024: Updates

Max Estates Limited announced the allotment of 2,283,104 convertible warrants at ₹657 each, totaling approximately ₹150 Crores. The warrants were issued to Max Ventures Investment Holdings Private Limited and Mr. Sunil Vachani, with each warrant convertible into one equity share upon payment of the remaining consideration. The preferential issue is subject to lock-in restrictions as per relevant regulations.