Goldman Sachs Arms Sell Stake in Max Financial
Goldman Sachs subsidiaries—Xenok and GS Mace Holdings—sold 1.18 crore shares, or 4.42% stake, in Max Financial Services on Friday at ₹ 596-599.95 per share, bulk deal data on the BSE showed. Separately, the data showed that Sundaram BNP Paribas MF, Birla Sunlife MF, SBI Mutual Fund, DHFL Pramerica Mutual Fund and Morgan Stanley (France) bought a total of 1.12 crore shares at ₹ 596 per share. Morgan Stanley held 1.67% stake in Max Financial as of June 30. Shares of Max Financial Services ended up 2.64% at ₹ 615.40 on the BSE on Friday.