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The transaction will involve the purchasing of 9.91 crore shares of Max Life at Rs 85 per share by Max Financial, which is the parent company of Max Life.
The transaction entails the purchase of 9.91 crore shares of Max Life at Rs 85 per share by MFSL, the parent company of Max Life.
Max Financial Services Ltd has received approval from the Insurance Regulatory and Development Authority of India to purchase the balance 5.17% stake held by Mitsui Sumitomo Company Limited in Max Life Insurance Company Limited.
While investors in the local stock market are growing more bullish amid expectations of easing rate hikes, there may be periods of profit-taking while share prices may also be swayed by the release of some US and Philippine economic data. “The case for optimism continues to build up for the local
The metro rail authorities yesterday appointed a Japan-Bangladesh joint venture firm to develop the depot area of the country’s first-ever underground metro rail, formally known as Mass Rapid Transit (MRT) Line-1.