Business Max India plans to reduce capital by up to 20% at Rs 85 per share Updated : September 15, 2020 02:44 PM IST Post capital reduction, Max India's outstanding shares will decrease by up to 20 percent, to 4.3 crore from 5.38 crore. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.