MUMBAI Goldman Sachs will sell shares worth up to $123 million in India's Max Financial Services Ltd on Friday, according to a deal term sheet seen by Reuters.
Goldman will sell up to 3.74 percent stake in Max Financial in a block trade, the term sheet revealed.
The share sale's floor price has been set at 607 rupees apiece. Max Financial shares closed at 650.95 rupees on Thursday on the National Stock Exchange.
(Reporting by Savio Shetty and S. Anuradha of IFR; Editing by Sherry Jacob-Phillips)
Reliance Industries to seek shareholder approval to raise $3.9 billion via debentures
MUMBAI Reliance Industries will seek shareholder approval to raise 250 billion rupees ($3.88 billion) via sale of secured or unsecured redeemable non-convertible debentures in a private placement, it said in a release.