Page 19 - Max Group News Today

India: Axis Bank becomes co-promoter of Max Life, to own 12.9% stake Photo: Pixabay April 7, 2021 Axis Bank Ltd on Tuesday said that 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. “The Board of Max Life recorded the closure of the deal today. The transaction was completed after the Insurance Regulatory and Development Authority of India (IRDAI) gave its formal approval in F...

Explore Now NEW DELHI: Nifty futures on the Singapore Exchange signal a flat start ahead of the outcome of the RBIs bi-monthly policy review on Wednesday. Here are a few stocks that may buzz during the day: Tata Steel: Domestic steel giant Tata Steel on Tuesday said its consolidated steel production remained almost flat at 7.4 million tonnes (MT) in the quarter ended March 31, 2021. Axis Bank: Diversified Max Group has sold a 13 per cent stake in Max Life Insurance Company to the countrys thir...

Axis Bank buys 12.99% stake in Max Life, becomes co-promoter Max Financial Services Limited, the holding company of Max Life, and Axis Bank had first announced their intent to bring in the latter as a strategic partner in Max Life in February 2020. BusinessToday.In | April 6, 2021 | Updated 22:42 IST With this acquisition, Axis Entities have become co-promoters of Max Life. Axis Bank and its subsidiaries, Axis Capital Limited and Axis Securities Limited (together Axis Entities), have completed...

Diversified Max Group has sold a 13 per cent stake in Max Life Insurance Company to the countrys third largest private sector lender Axis Bank, which will now be a co-promoter of the insurer. The completion of the deal comes more than a year after Max Financial Services and Axis Bank announced their intent to have a strategic partnership for the formers insurance venture. Financial details were not disclosed. Max Financial Services -- the holding company of Max Life -- has offloaded 12.99 p...

After long wait, Max Group sells 13% stake in life insurer Max Life to Axis Bank Top Searches After long wait, Max Group sells 13% stake in life insurer Max Life to Axis Bank PTI / Apr 6, 2021, 21:44 IST FacebookTwitterLinkedinEMail Up Next NEW DELHI/MUMBAI: Diversified Max Group has sold a 13 per cent stake in Max Life Insurance Company to the countrys third largest private sector lender Axis Bank, which will now be a co-promoter of the insurer. The completion of the deal comes more than a y...

April 06, 2021 × Axis Bank, along with its subsidiaries, Axis Capital and Axis Securities, has become the co-promoter of Max Life Insurance, after completion of the acquisition of 12.99 per cent stake by them. “The board of Max Life recorded the closure of the deal today,” the companies said in a statement on Tuesday. The transaction was completed after the Insurance Regulatory and Development Authority of India gave its formal approval in February this year. Max Life’s holding company M...

Axis Bank becomes a co-promoter of Max Life Posted On: 2021-04-06 10:17:41 (Time Zone: Arizona, USA) Axis Bank Limited ("Axis Bank"), Indias third largest private sector bank, together with its subsidiaries Axis Capital Limited and Axis Securities Limited (collectively referred to as "Axis Entities") have become the co-promoters of Max Life Insurance Company Limited ("Max Life"), after completion of the acquisition of 12.99 % stake collectively by the Axis Entities in Indias fourth largest...

Max Healthcare Institute rose 1.93% to Rs 205.85 after the company said it acquired 42.8% equity stake in Saket City Hospitals (SCHL) from Kayak Investments Holding.Before the transaction, Max Healthcare Institute held 57.2% and Kayak Investments Holding held the remaining 42.8% stake in Saket City Hospitals. Kayak held 51.94% stake in Max Healthcare as on 31 December 2020. Max Healthcare Institute purchased 1.26 crore equity shares, representing 42.8% of the equity share capital of SCHL from ...

At issue price of Rs 195.40Max Healthcare Institute announced that the QIP Committee of the Board of Directors of the company at its meeting held on 10 March 2021 has approved the allotment of 6,14,12,482 equity shares of Rs 10 each to qualified institutional buyers at an issue price of Rs 195.40 per share (including a premium of Rs 185.40 per share) aggregating to Rs 1199.99 crore, pursuant to the issue. The Issue opened on 04 March 2021 and closed on 09 March 2021. Pursuant to the allotment ...

Read more about Max Healthcare Institute opens QIP issue on Business Standard. With floor price of Rs 195.40 per share