Page 14 - அச்சு மூலதனம் வரையறுக்கப்பட்டவை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Max Financial hits 52-week high on regulatory approval for deal with Axis Bank Shares of Max Financial Services hit a 52-week high of Rs938.65 apiece on Thursday on the National Stock Exchange (Photo: iStock)Premium 1 min read Share Via Read Full Story MUMBAI: Shares of Max Financial Services hit a 52-week high of Rs938.65 apiece on Thursday on the National Stock Exchange, rising 6.3% from previous close, following the insurance regulator s approval for its deal with Axis Bank. As part of the deal, Axis Bank with its subsidiaries, Axis Securities Limited and Axis Capital Limited, will acquire up to 19% stake in Max Life Insurance, part of Max Financial. Of the total stake to be bought, Axis Bank proposes to acquire up to 9% and Axis Capital Limited and Axis Securities Limited together will acquire up to 3% of the share capital of Max Life in the first leg of the transaction.

Analysts at motilal oswal financial servicesMax financial services ltdAxis capitalAxis bankMotilal oswal financial servicesAxis securitiesAxis securities limitedAxis capital limitedMax life insuranceMax lifeMumbai metropolitan regionMax financialFinancial services ltdJoin mintMax financial servicesInsurance business