IRDAI approves Axis-Max Life deal

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.

from Banking/Finance-Industry-Economic Times https://ift.tt/3siJ0GE