Shares in Max India rallied ahead of the company's board meeting to discuss a restructuring plan. The shares were last trading higher by 8 per cent at Rs 489 on the National Stock Exchange.
The stock in intra-day trading hit a 52-week high of Rs 505. Earlier the company said that the Management was in the process of finalising a few options for corporate restructuring, which will be presented to I&FC for its consideration.
Max India is a diversified company but is largely focussed on the healthcare sector.