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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...

Max Asset Services enters into managed office space segment SECTIONS Share Synopsis Flexible workspaces as a segment has grown rapidly to now form 10% of the new office leasing in India, as per a recent Cushman & Wakefield report. The company has started ‘WorkWell Suites’ at the newly developed office complex Max House, Okhla. Max Asset Services (MAS), a subsidiary of Max Group’s listed entity Max Ventures & Industries Ltd. (MaxVIL), has entered into the managed office space business with plan to operate 2 lakh sq ft in the Delhi NCR over the next 3 years. The company has started ‘Wor...

Max Asset Services (MAS), a subsidiary of Max Group's listed entity Max Ventures & Industries, announced its entry into the 'Managed Office Spaces' business with the launch of 'WorkWell Suites' at the newly developed office complex Max House, Okhla. The company plans to operationalize nearly 2 lakh sq. ft. of managed office space in the Delhi NCR over the next 3 years. Max Asset Services has planned a low capex model for building this capacity. Managed Office Spaces is gaining due to the increasing acceptance in companies, of flexible office spaces as a rental option. Flexible workspaces as a...

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 ...

Chowking upgrades its siopao CHOWKING has given its best-selling Chunky Asado Siopao a meatier and saucier upgrade. Known for making Chinese cuisine more accessible and affordable to the regular Filipino, Chowking has brought the premium taste of authentic Chinese steamed buns within customers’ reach. The new and improved Chunky Asado Siopao boasts of more full-bodied roasted asado sauce and bigger, meatier pork chunks inside a pillowy-soft steamed bun. Each siopao is P39. Chowking also offers this in three-piece takeout boxes for P115. Chowking’s Chunky Asado Siopao is now available in...