Axis Bank Ltd informed it has become co-promoters of Max Life Insurance Company Limited, after completion of the acquisition of 12.99% stake collectively by the Axis Entities in the company. Axis Bank and its two subsidiaries Axis Capital Limited and Axis Securities Limited will collectively own a 12.99% stake in Max Life after the consummation of the deal.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The Axis Entities have a right to acquire an additional stake of up to 7% in Max Life, in one or more tranches, subject to regulatory approvals. Insurance Regulatory and Development Authority of India (IRDAI) gave its formal approval in February of 2021.
Important takeaways for all competitive exams:
Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in the competitive…
World Basketball Day 2025 highlights the remarkable journey of basketball from a simple indoor game…
The United Nations marked the second World Meditation Day on the 21st December with a…
The Winter Solstice 2025 occurs on Sunday, December 21 marking the shortest day and longest…
The Haryana State Assembly has unanimously passed a resolution to mark the 350th martyrdom year…
Every country has something special that makes it famous around the world. Some are known…