Max India to Invest ₹219 Crore in Subsidiaries

Max India has approved an investment of up to ₹219 crore in its wholly owned subsidiaries, Antara Senior Living Limited and Antara Assisted Care Services Limited, for the financial year 2025-26. The funds will be infused through a rights issue or inter-corporate deposits (ICDs) in multiple phases, depending on the subsidiaries’ requirements.

As of February 7, 2025, at 12:03 PM, Max India Ltd. is trading at ₹240.60, down ₹12.10 (-4.79%) for the day, declining 23.81% over the past six months but gaining 13.52% in the past year.

Allocation of Funds

The investment will be divided as follows:

• ₹71 crore for Antara Senior Living Limited
• ₹148 crore for Antara Assisted Care Services Limited

The company will either subscribe to new equity or preference shares under rights issues or provide ICDs to support the funding needs of these businesses.

Purpose of the Investment

The funding is aimed at meeting the business expansion and operational requirements of both subsidiaries. Antara Senior Living Limited focuses on senior living communities, while Antara Assisted Care Services Limited provides assisted care services.

India’s senior population (aged 60 and above) is to reach 347 million by 2050, increasing the demand for senior living and healthcare services. Companies operating in this space are expanding to meet the growing requirements of this segment.

Regulatory Filings

The details of this investment have been disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The required information is included in ‘Annexure-C’ of the company’s filing.

Investment Timeline

The capital infusion will take place over multiple phases throughout the financial year 2025-26. The company will assess the funding needs and proceed with the investment accordingly. This approval allows Max India to allocate capital towards its subsidiaries as they expand their operations and services.

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