Max Financial Services is expected to trade ex-demerger from next month, and the other resulting companies from February 2016, the company said in a statement.
"The High Court of Punjab and Haryana vide its order dated December 14, 2015 approved Max India’s Composite Scheme of Arrangement for the demerger of the company," it said.
Upon receipt of the detailed certified order, the Company will file the same with the Registrar of Companies (RoC) for achieving 'Effective Date' of the demerger – the day the 3 legal entities will stand demerged.
On the effective date, the existing company, Max India will be renamed as Max Financial Services Ltd. Max India board in January approved a corporate restructuring plan to vertically split the company through a demerger into three separate listed companies to provide sharper focus on each business.


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