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Max India said that the company approved the allotment of 25,000 equity shares of Rs 2 each for cash at par to Anuroop Singh, vice chairman of the company, arising from the exercise of stock options.
The stock had underperformed the market over the past one month till May. 19, 2014, falling 7.50% compared with the Sensex's 7.66% rise. It underperformed the market in past one quarter, declining 13.22% as against 17.57% rise in the Sensex.|
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