M&A

Axis Bank to acquire addl stake in Max Life Insurance for Rs.336-Cr

BSE  

Publicly-listed Axis Bank Ltd and its subsidiaries - Axis Securities Ltd and Axis Capital Ltd - have acquired additional equity stake in Life Insurance company Max Financial Services Ltd for INR 336 crore in cash, increasing the aggregate shareholding of the Axis Entities from 19.02% to 19.99%.

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