Axis Bank would acquire a 29% additional stake in Max Life Insurance for an estimated price of Rs 1,592 crore. The deal will increase the Axis Bank‘s stake in Max Life to 30%. Max Financial Services will hold the remaining 70% in the joint venture.
Click Here To Get Test Series For SBI PO 2020
The acquisition may be completed in 6-9 months & Post the deal, Max Financial Services and Axis Bank will get to nominate four and three directors respectively on the Max Life board. The total premium generated from both companies exceeded Rs 38,000 crore.
Important takeaways for all competitive exams:
On the 10th April, 2026 Sunil Bajpai has assumed the charge of the Principal Chief…
India's retail inflation edged up to 3.4% in the Month of the March 2026 which…
Nitish Kumar Chief Minister of Bihar have resigned from the post on the 14th April…
For the global recognition in the Cricket Mitchell Starc and Deepti Sharma have been named…
Australia has appointed the Susan Coyle as the first-ever female Army Chief. This announcement was…
India's Sawan Barwal has broken the country's longest standing marathon national record and ended the…