Max India Limited's Rights Issue: 1.45 Times Oversubscription Signals Strong Investor Confidence
New Delhi [India], May 31: 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.
MIL is the holding company of Max Group's Senior Care business i.e. Antara Senior Living Limited (Residences for Seniors) and Antara Assisted Care Services Limited (Care Homes, Care at Home, and AGEasy).
Max India investor list includes: Habrok Capital, Aionios Alpha, Avener Capital, Value Prolific, Rohit Lala, Ullhas Paymaster, Murugu Selvan K, Porinju Veliyath, Ritesh Oswal and Chetan Jayantilal Shah.
For more information about Max India, please visit www.maxindia.com.
Launched in 2013, Antara is the senior-care business of Max India Limited, part of the $5 billion Max Group. It is an integrated ecosystem for senior care, operating in two main lines of businesses - Residences for Seniors and Assisted Care Services. Antara's first senior residential community in Dehradun comprising nearly 200 families, caters to their social, recreational, educational, wellness, and health-related needs. It will open its second senior living community in Noida's Sector-150 with families moving into the 340 apartments built in the first phase as and when statutory approvals will be in place. Expanding its footprint in Gurugram, Antara will manage senior living residences, dedicated spaces for senior living, and primary healthcare services at Estate 360 - Delhi-NCR's first intergenerational community developed by Max Estates.
Antara's Assisted Care Services include 'Care Homes', 'Care at Home' and 'AGEasy'. This line of business caters to seniors, who need more immersive interventions in their daily lives due to medical or age-related issues. With facilities across Gurgaon, Noida and Bengaluru, the Care Homes provide long-term care to seniors who require constant medical and nursing supervision, and short-term care services for the recuperation of seniors. Its Care at Home services, offered in Delhi-NCR, Bengaluru and Chennai, provides well-equipped, trained professionals offering care to seniors inside their home's comfort. AGEasy - an online and offline store - focuses on senior specific products and solutions to manage chronic health conditions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
30 minutes ago
- Hans India
PM Modi launches Rs 1 lakh crore Pradhan Mantri Viksit Bharat Rozgar Yojana, to create 3.5 crore jobs
New Delhi: In a significant Independence Day address, Prime Minister Narendra Modi unveiled the Rs one lakh crore Viksit Bharat Rozgar Yojana, a nationwide employment initiative aimed at transforming job opportunities for India's youth. 'There is big news for the youth of the country,' PM Modi declared from the Red Fort. 'On this day, we are starting and implementing a scheme of Rs 1 lakh crore for the youth of my country,' he said. The scheme, effective from August 15, is designed to incentivise both first-time employees and private sector employers. Under the initiative, any young person securing their first job in the private sector will receive Rs 15,000 directly from the government. 'The son or daughter who gets their first job will be given Rs 15,000 by the government,' PM Modi announced, emphasising the scheme's role in easing the transition into formal employment. To further stimulate job creation, companies that generate sustained employment will be rewarded with financial incentives. Employers hiring additional staff will be eligible for up to Rs 3,000 per month per new employee, with extended benefits for the manufacturing sector. The scheme is expected to create approximately 3.5 crore new jobs over the next two years, with 1.92 crore beneficiaries entering the workforce for the first time. The Ministry of Labour & Employment, in collaboration with the Employees' Provident Fund Organisation (EPFO), will oversee implementation. PM Modi framed the initiative as a cornerstone of the Viksit Bharat mission, aimed at building a developed and inclusive India by 2047. 'This is my gift to the youth -- a double Diwali celebration,' he said, promising economic empowerment and national progress. With its dual focus on youth and enterprise, the Viksit Bharat Rozgar Yojana marks one of the most ambitious employment-linked reforms in recent years. As registration opens, millions of young Indians and businesses are expected to benefit from this transformative push toward job-led development.
&w=3840&q=100)
Business Standard
30 minutes ago
- Business Standard
NCR's Sohna Road sees property prices jump 74% in 3 years, rent up 50%
Gurugram's Sohna Road and Noida's Sector-150 have emerged as standout performers in the National Capital Region's property market, leading both capital and rental growth between 2021-end and Q2 2025, according to fresh ANAROCK Research data. Capital values at Sohna Road have jumped 74% in just over three years, while average monthly rents for a standard 2BHK have surged 50% to ₹37,500. Its dual appeal to end-users working in Gurugram's business hubs and investors seeking steady yields has kept demand strong. Sohna Road has blended the advantages of strong corporate leasing nearby with major infrastructure upgrades, notably improved linkages via the Delhi–Mumbai Expressway. As per data analysed by real estate consultant Squareyards, the number of housing units built in Sohna since 2020 exceeds its total from the decade before (2010-20). The average inventory age in the area is less than four years. The total new supply in Sohna since 2020 has already surpassed the cumulative supply of the previous decade (2010–2020), signalling an inventory with an average age of less than four years. The market is dominated by 2BHK units, accounting for 65% of supply, followed by 3BHK units at 26%. "As of 2024, 2BHK units make up 65% of the market's new supply while 3BHK units account for 26%. Notably, properties priced above Rs 1 crore now constitute 34% of new supply, more than doubling from 15% in 2009, said the Square Yards report. 'The strategic infrastructure and connectivity projects, such as the elevated corridor and the DMIC, have put the Sohna micro-market on the radar of both developers and homebuyers in Gurugram. Several leading developers have strategically positioned themselves, securing land parcels and actively rolling out new launches across on-going and new projects. The response from homebuyers has been equally robust, matching the increasing supply," said "Rajat Likhyani, Principal Partner, Square Yards. Sector-150 in Noida has seen the most dramatic price growth nationwide, with property values soaring 139% since 2021. The surge is powered by large-scale township projects, master-planned green spaces, and dedicated sports infrastructure. Rents have risen 71%, supported by demand from professionals and families attracted to the area's open spaces and quality of life. Across 14 major micro markets studied, capital values rose between 24% and 139%, while rentals increased 32% to 81%. Bengaluru's Sarjapur Road and Thanisandra, Hyderabad's Gachibowli, and Pune's Wagholi also posted strong double-digit gains, largely driven by IT expansion and connectivity projects such as new metro lines and expressways. MMR, Kolkata, and Chennai Pockets Also Outperform In Mumbai, Chembur's transformation via the Eastern Freeway and Metro extensions pushed prices up 53%, while Mulund saw 50% appreciation. Kolkata's EM Bypass and Rajarhat, along with Chennai's Perambur and Pallavaram, benefited from strong transport links and planned development, though growth was more moderate compared to NCR and Bengaluru.
&w=3840&q=100)
First Post
30 minutes ago
- First Post
PM Modi announces Rs 1 tn Viksit Bharat jobs scheme, first-time employees to get Rs 15,000
In his Independence Day speech, Prime Minister Narendra Modi announced the 'Pradhan Mantri Viksit Bharat Rojgar Yojana' that will provide Rs 15,000 to people getting jobs for the first time. The scheme will also provide incentives to private companies to generate jobs. Prime Minister Narendra Modi addresses the nation from the Red Fort on the Independence Day on August 15, 2025. In his Independence Day speech, Prime Minister Narendra Modi on Friday said that the government will launch a new scheme to promote job generation named 'Pradhan Mantri Viksit Bharat Rojgar Yojana'. Under the scheme, Modi said that the government will provide Rs 15,000 as support to individuals who secure their first job in the private sector. 'Today, on the 15th of August, we are launching a landmark scheme worth Rs 1 lakh crore, the Pradhan Mantri Viksit Bharat Rojgar Yojana. Under this scheme, the government will provide Rs 15,000 as support to individuals who secure their first job in the private sector. This initiative is expected to generate 3.5 crore job opportunities across the nation,' the prime minister said. STORY CONTINUES BELOW THIS AD VIDEO | Independence Day 2025: Prime Minister Narendra Modi says, "...I have good news for the youth of our country. Today, on the 15th of August, we are launching a landmark scheme worth Rs 1 lakh crore, the Pradhan Mantri Viksit Bharat Rojgar Yojana. Under this scheme, the… — Press Trust of India (@PTI_News) August 15, 2025 Modi also said that the government will provide incentives to companies to generate more jobs. Modi is delivering his 12th consecutive address to the nation on Independence Day from the Red Fort. In the speech, Modi also spoke about making India self-reliant in critical minerals and hailed the National Critical Mineral Mission (NCMM). The prime minister said, 'Today, the entire world is highly concerned about critical minerals and has begun to fully understand their importance. For us too, self-reliance in critical minerals is essential. That is why we have launched the National Critical Mission. Exploration is underway at more than 1,200 locations, and we are moving forward towards self-reliance in critical minerals as well.'
