New Delhi, July 17 -- Shares of Max Financial Services shed almost 4 percent in intra-day deals on Thursday, July 17 after ICICI Prudential Mutual Fund pared its stake in in the firm, decreasing shareholding by over 2 percent.

Prior to the sale, ICICI Prudential Mutual Fund held 2,03,51,566 equity shares in Max Financial Services, which accounted for 5.90 percent of the company's total shareholding. According to the disclosure filed with the exchanges, the mutual fund offloaded 71,69,992 shares of the company or as much as 2.08 percent stake

This sale brought down its total holding to 3.82 percent of the total paid-up equity share capital of Max Financial Services Ltd. It now holds 1,31,81,574 shares of Max.

The transaction took place ...