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Shares of Axis Bank will be in focus. Max Life has received the formal approval from the Insurance Regulatory and Development Authority of India (IRDAI), which vide its letter dated 24th February 2021 has granted approval to the Axis Entities, as promoters of Max Life, to collectively acquire 12.002% of the equity share capital of Max Life, by way of transfer of equity shares of Max Life from Max Financial to the Axis Entities. Shares of Nureca will debut on bourses today, 25 February 2021. The final issue price was fixed at Rs 400 per share. Just Dial has launched its B2B portal, Jd Mart, a...

IRDAI gives nod to Axis-Max Life deal SECTIONS Last Updated: Feb 24, 2021, 09:21 PM IST Share Synopsis As per the proposed transaction, Axis Entities have the right to acquire up to 19% stake in Max Life, of which, Axis Bank proposes to acquire up to 9%, and Axis Capital Limited and Axis Securities Limited together propose to acquire up to 3% of the share capital of Max Life in the first leg of the transaction. Getty Images NSE The Insurance Regulatory and Development Authority of India (IRDAI) has approved Axis Bank’s proposal to acquire 12% stake in Max Life along its subsidiaries Axis C...

Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 498.67 points or 0.98% at 51,280.36. The Nifty 50 index was up 166.10 points or 1.11% at 15,148.10. The Nifty regained the psychological 15,000 mark in opening trade. Upbeat Asian stocks boosted sentiment. The S&P BSE Mid-Cap index was up 0.97%. The S&P BSE Small-Cap index was up 0.86%. The market breadth, indicating the overall health of the market, is strong. On the BSE, 1488 shares rose and 489 shares fell. A total of 77 shares were uncha...

Read more about Market Wrap, Feb 25: Here's all that happened in the markets today on Business Standard. BSE Sensex settle the F&O series for the month of February at 51,039 levels, up 258 points or 0.5 per cent

The Insurance Regulatory and Development Authority of India (Irdai) has given its nod to Axis entities — Axis Bank and its subsidiaries — for acquiring up to 12 per cent stake in Max Life Insurance, paving the way for Axis firms to become a joint venture partner in the life insurance company. Axis Bank will acquire 9 per cent stake in the life insurance company while Axis Capital and Axis Securities will acquire another 3 per cent in the first leg of the transaction. Furthermore, Axis entities — Axis Capital & Axis Securities — will have the right to acquire another 7 per cent in the ...