Bain Capital, Sunil Munjal to buy controlling stake in Max Financial Services, says report
Updated : January 17, 2020 11:16 AM IST
Sunil Munjal and Bain Capital together may pick up 28.3 percent stake from Singh in an open offer to minority shareholders, according to an ET report.
Sunil Munjal and Bain Capital are also considering the option of buying just below 26 percent stake to avoid a mandatory open offer, it said.
Negotiation in this regard was going on to thrash out the deal contours, the report said.