Max India Goes Ex-Demerger, Shares Crash 26%

Max India shares crashed 26 per cent on the National Stock Exchange as the three-way demerger of the company came into effect on Wednesday. The record date for the demerger is January 28, 2016.  Max India has been split into three companies - Max Financial Services, Max India and Max Ventures and Industries. Current listed entity - Max India - will be renamed as Max Financial Services. It will house the life insurance business of th...