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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 acquisition of 12.99 per cent stake in Max Life Insurance Company Ltd. With this acquisition, Axis...

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"), India's 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 India's fourth largest private life insurance firm - Max Life. The Board of Max Life recorded the closure of the deal to...

IRDAI gave its formal approval for the acquisition of up to 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries, Axis Capital & Axis Securities (together Axis Entities)

Axis Bank share rises 4% post IRDAI nod for stake buy, Max Financial hits new high Gaining for the second straight day, Axis Bank shares traded 3.11% away from 52 week high of Rs 800. The stock has touched a 52-week low of Rs 285 BusinessToday.In | February 25, 2021 | Updated 15:47 IST Axis Bank share has gained 17% in a month and 5% in one year. Year-to-date, the stock is up 24% Shares of Axis Bank traded 4% higher intraday in Thursday's volatile session after the company announced that Insurance Regulatory and Development Authority of India (IRDAI) gave its formal approval for the acquisit...

With the deal done, analysts see further rerating for Max Financial stock.