Axis Bank enters into revised pact with Max Financial Services for acquiring additional 7% stake in Max Life

Axis Bank and its subsidiaries -- Axis Securities and Axis Capital -- had in 2021 entered into definitive agreements with Max Financial Services Ltd for acquiring 20 per cent stake in its subsidiary Max Life Insurance Co Ltd. Following this, Axis Entities had collectively acquired 12.99 per cent of the equity share capital of Max Life.

from Banking/Finance-Industry-Economic Times https://ift.tt/rlS04pX