Axis Bank to raise stake in Max Life via Rs 1,612-cr investment
Axis Bank along with its entities acquired a 12.99% stake in Max Life in 2021, and through this new investment they will own 19.02% in the insurer
Source: businesstoday.in
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Axis Bank approves Rs 1,612 crore infusion in Max Life through preferential allotment
The bank said the acquisition would strengthen its position in life insurance business
Source: moneycontrol.com
Axis Bank to raise stake in Max Life via $195 mn investment
India's Axis Bank on Wednesday said it will raise its stake in insurer Max Life to 16.2% from 9.99% by infusing 16.12 billion rupees ($194.6 ......
Source: vccircle.com
India's Axis Bank to raise stake in Max Life via 16.12 billion rupee investment
India's Axis Bank on Wednesday said it will raise its stake in insurer Max Life to 16.2% from 9.99% by infusing 16.12 billion rupees through a preferential allotment of shares. ...
Source: marketscreener.com
Max Life Insurance: Axis Bank to acquire balance 7% stake in Max Life for Rs 1,612 crore
The bank will enter into a share subscription agreement to acquire 14,25,79,161 shares of Max Life on a preferential basis at a fair market value of Rs 113.06 a share.
Source: indiatimes.com