Max Estates Receives Rs 391 Crore from New York Life Insurance Company for Strategic Investments in Max Towers and Max House (Phase I & II)
Sep 25, 2024
New Delhi [India], September 25: Further to our previous intimation dated 1st May 2024, regarding the strategic investment by New York Life Insurance Company ("NYL"), Max Estates Limited ("Max Estates") is pleased to announce the successful closure of the transaction with New York Life Insurance Company acquiring 49 per cent stake in Max Towers and Max House (Phase I & II), by deploying Rs 391 Crore, marking a key milestone in the partnership. Both are rent-yielding operational commercial assets located in Noida and Delhi. Max Estates continue to hold a 51 per cent stake in both SPVs.
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