Max India Rights Issue: Max India Limited (MIL) has announced the successful closure of its Rights Issue, raising Rs. 124.23 crore through the issuance of 82,81,973 fully paid-up equity shares at Rs. 150 per share. The offering was oversubscribed, signalling strong investor support for the company’s strategic direction, leadership, and long-term vision to build an integrated platform offering lifecare and lifestyle products and services designed to enhance the quality of life for seniors.
This is also indicative of stronger-than-anticipated investor interest, and reaffirms market confidence in Max India Limited’s expanding portfolio through its subsidiaries across senior residences, assisted living, and technology-led platform for managing chronic conditions.
Speaking about the Rights Issue, Tara Singh Vachani, Vice-Chairperson, Max India Limited, and Executive Chairperson, Antara Senior Living, said, “This oversubscription reflects strong validation of our long-term vision and the value we’re creating in the senior care space. We remain focused on delivering long-term value to all stakeholders.”
Rajit Mehta, Managing Director, Max India Limited, said, “We’re grateful to our shareholders and investors for their continued trust and confidence. This capital will help us accelerate our next phase of growth and strengthen our market position.”
The announcement of the Rights Issue was met with positive market sentiment, with Max India Limited’s stock seeing a 3% uptick on the day of board approval.
Capital Allocation and Strategic Priorities
The funds raised through the Rights Issue will be deployed towards growth of its wholly owned subsidiary Antara Assisted Care Services Limited (AACSL) and will be utilised for sales, marketing and to meet working capital requirement. The balance will be utilised for general corporate purposes.
This capital infusion supports Max India’s broader strategy to build and scale a senior-centric health and wellness platform. The company remains focused on delivering top-line growth, margin improvement, and sustainable value creation.
With the successful closure of the Rights Issue, Max India Limited has strengthened its balance sheet and is better positioned to capitalize the emerging opportunities in the senior care ecosystem. The company remains committed to delivering high-quality, people-centric care while building long-term value for its stakeholders.
