Max India Limited — QIP/Rights/Pref., 05-08-2025: Preferential issue

Max India's board has approved a **Preferential Issue** to raise **₹ 80.35 Cr**. They will issue **37.03 lakh convertible warrants** at **₹ 217 each**. These warrants can be converted into equity shares within 9 months. This capital infusion is targeted at a mix of promoters and strategic non-promoter public investors, including Singularity Equity Fund I, Paulastya Sachdev, and P&Y Capital Trust. This move aims to bolster the company's balance sheet.