It should be rm14.5, that was the price Maxis paid if i remember correctly.

Some how i'm not too excited with the re-listing of Maxis simply because the reason for listing is not for expansion of business but its at the request of the PM to attract investors. I feel like we are contributing to a huge profit to Mr. Krishnan for the re-listing. Just my opinion.

The report from business times states that:

"Maxis Malaysia will not be issuing new shares, but will offer 2.25 billion shares, representing 30 per cent of its existing share capital.

The exercise could help its main shareholders (Maxis) to fund the group's Indian investments"

I think what Maxis is doing is that they want to raise cash from the Malaysian public to invest in India but will not be sharing its profit from India.