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axis bank stake in max life: Max Financial gets IRDAI nod for capital infusion of Rs 1,612 cr by Axis Bank into Max Life Insurance - Vimarsana News

axis bank stake in max life: Max Financial gets IRDAI nod for capital infusion of Rs 1,612 cr by Axis Bank into Max Life Insurance

Published: February 6, 2024

Max Financial Services has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) for a capital infusion of Rs 1,612 crore by Axis Bank into its subsidiary, Max Life Insurance. The deal will involve the issue of 14,25,79,161 equity shares. Max Life plans to use the capital infusion to support future growth and improve solvency margins.

Source: indiatimes.com
Related Topics:
Axis BankMax Financial ServicesDevelopment Authority Of IndiaMax Financial Services OnPension Fund RegulatoryDevelopment AuthorityCompetition Commission Of IndiaInsurance RegulatoryMax LifeCompetition CommissionFinancial ServicesAxis EntitiesAxis Bank Stake In Max LifeMax Life InsurancePension Fund Regulatory And Development Authority
CAM, AZB act on acquisition of stake in Max Life Insurance by Axis Bank - Vimarsana News

CAM, AZB act on acquisition of stake in Max Life Insurance by Axis Bank

Published: August 25, 2023

Axis Bank has acquired an additional 6.23% stake in Max Life by making an infusion of ₹1,612 crores.

Source: barandbench.com
Related Topics:
Axis BankReserve BankAxis EntitiesCyril Amarchand MangaldasAzb Amp PartnersAxis Bank LimitedMax Life Insurance Company LimitedAcquisition Of StakeIndian Law FirmsLaw Firm News
Axis Bank trades lower on nod to Rs 1,612-cr cash infusion into Max Life - Vimarsana News

Axis Bank trades lower on nod to Rs 1,612-cr cash infusion into Max Life

Published: August 10, 2023

Axis Bank stock has given a return of 9.31 percent over the last six months.

Source: moneycontrol.com
Related Topics:
Axis Capital Ltd In Max LifeMax Life Insurance CompanyMax Life Insurance Company LimitedMax Financial ServicesAxis CapitalAxis SecuritiesAxis Securities LtdAxis BankMerger CommitteeMax LifeMax Life InsuranceBank LimitedAxis Securities LimitedAxis Capital LimitedAxis EntitiesMax Financial Services LimitedShare Subscription AgreementPreferential IssueAxis Capital LtdDiscounted Cash FlowReserve BankLife Insurance Company LimitedStock Market TodayUzzing StocksAxis Bank
India's Axis Bank investing $194m to raise stake in Max Life - Vimarsana News

India's Axis Bank investing $194m to raise stake in Max Life

Published: August 10, 2023

India's Axis Bank said it will raise its stake in insurer Max Life to 16.2% from 9.99% by infusing 16.12 billion rupees.

Source: dealstreetasia.com
Related Topics:
Amitabh ChaudhryAxis BankMax Financial ServicesIndia Axis Bank OnMax LifeFinancial ServicesAxis Entities
Axis Bank to infuse ₹1,612 crore funds in Max Life through preferential allotment - Vimarsana News

Axis Bank to infuse ₹1,612 crore funds in Max Life through preferential allotment

Published: August 10, 2023

Axis Bank to increase stake in Max Life to 16.22% by infusing ₹1,612 crore through preferential allotment of shares

Source: livemint.com
Related Topics:
Max Financial Services LimitedMax Life Insurance Company LimitedAxis CapitalAxis Bank LimitedAxis SecuritiesAxis BankAxis Securities LimitedAxis Capital LimitedMerger CommitteeMax LifeAxis EntitiesFair Market ValueDiscounted Cash FlowPreferential IssueReserve BankMax FinancialPreferential Allotment