Analjit Singh, promoter of Max Ventures Investment Holdings Pvt Ltd. on Monday has sold 16.71 million shares of Max Healthcare Institute Ltd. worth Rs 182 crore through a block deal. According to BSE data, Max Ventures has sold a stake of 1.84 per cent for Rs 108.8 per share and Smallcap World Fund Inc. has brought 11.40 million shares at Rs 108.75 per share. The deal is valued at a total amount of Rs 124 crore. Earlier on 11 September, Max Ventures’ promoters had sold 4.6 per cent stake in Max Healthcare and the buyers included an American investment firm Capital Group and a unit of Hong Kong-based hedge fund, Ward Ferry for around Rs 515 crore.

In a separate filing, Max Ventures Investment Holdings had said that it had sold 1.7 million shares at Rs 600.06 per share which is about 2.22 per cent stake of Max Financial Services Ltd. for a total consideration of Rs 102 crore. On 22 June, the group’s promoters were looking to raise to Rs 2,300 crore through stake sale in its financial and healthcare businesses.