Axis Bank Raises Stake in Max Life Insurance by 6.23%, Shares of Max Financial Sevices Surge 8%
Axis Bank announced that it would acquire an additional 6.23% stake in Max Life Insurance for a total consideration of Rs 1,612 crore or $194.6...
Tag : Max Life Insurance
LIC Loses 4% Market Share in Past 3-Months
Life Insurance Corporation of India (LIC) eroded its market share significantly between November 2022 and February 2023. The market share of India’s largest insurer fell...
Max Financial Services Receives Irdai’s Approval to Acquire Remaining Stake in Max Life
Max Financial Services, the promoter of the insurer Max Life Insurance, has received approval from the insurance regulator (Irdai) to buy the remaining 5.17% stake...
Tamilnad Mercantile Bank Debuts on Dalal Street
Tamilnad Mercantile Bank made its debut on Dalal Street on Thursday, in stark contrast to the grey market trend of the past few days. Shares...
Tamilnad Mercantile Bank IPO Subscribed 3% on Day 1
Tamilnad Mercantile Bank‘s initial public offering (IPO) raised up to Rs 832 crore and was 3% subscribed in the first 30 minutes on Monday, the...
Soma Comstar Gets Rs 2,498 Crore From Anchor Investors Ahead of IPO
Sona BLW Precision Forgings Ltd (Sona Comstar) has raised Rs 2,498 crore from anchor investors, ahead of its initial public offer, which opens for subscription...
Axis Bank to Buy 17% Instead of 29% in Max Life Insurance JV Pact
On Monday, the country’s third-largest private sector lender, Axis Bank announced that it would acquire 17% stake in Max Life Insurance, instead of 29% as...
Axis Bank, Max Life Insurance Tweak Insurance JV Pact
Axis Bank, Max Life Insurance deal has moved a step closer to accomplish the objectives of both the firms and to remove the clauses that occurred...
Axis Bank to Acquire 29% Stake in Max Life Insurance
The board of Axis Bank has approved purchase of an additional 29 per cent to stake in Max Life Insurance which will take the private...
Max Life Insurance Managing Director Resigns After 18 Years
Max Life Insurance said that its Managing Director Rajesh Sud has resigned from the company and CFO Prashant Tripathy will replace him from January. Tripathy,...