Whalesbook
Max Financial Services experienced a significant block deal on Friday, November 21, involving 16 lakh shares, representing 0.46% of its equity, valued at ₹268 crore. The transaction occurred at ₹1,681 per share, with Max Ventures Investment Holdings reportedly acting as the seller. This deal follows the company's recent report of a sharp 96% decline in net profit for the September quarter, primarily due to lower earnings from its life insurance arm, Axis Max Life. The stock saw a slight dip post-deal, despite a substantial year-to-date gain.