Goldman unit launches up to US$82m block deal in Max Financial
[MUMBAI] A unit of Goldman Sachs has launched a block deal to sell up to US$82.1 million worth of shares in Max Financial Services Ltd with an upsize option of $41.1 million, a deal term sheet showed on Monday.
The unit, GS Mace Holdings Ltd, is selling up to 10 million shares in Max Financial at a floor price of 550 rupees per share, according to the term sheet seen by Reuters.
The deal can be upsized by up to US$41.1 million through the sale of an additional up to 5 million shares, the term sheet showed.
The floor price of the offering is at a 7.52 per cent discount to Max Financial's Monday closing share price of 594.75 rupees on the National Stock Exchange.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea