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Competition Commission of India approves Axis Bank s ₹1,612 crore Worth stake buy in Max Life Insurance

Competition Commission of India approves Axis Bank s ₹1,612 crore Worth stake buy in Max Life Insurance
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IRDAI greenlights Axis Bank s ₹1,612 crore infusion into Max Life Insurance, pending CCI nod

IRDAI greenlights Axis Bank s ₹1,612 crore infusion into Max Life Insurance, pending CCI nod
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axis bank stake in max life: Max Financial gets IRDAI nod for capital infusion of Rs 1,612 cr by Axis Bank into Max Life Insurance

Max Financial Services has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) for a capital infusion of Rs 1,612 crore by Axis Bank into its subsidiary, Max Life Insurance. The deal will involve the issue of 14,25,79,161 equity shares. Max Life plans to use the capital infusion to support future growth and improve solvency margins.

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CAM, AZB act on acquisition of stake in Max Life Insurance by Axis Bank

Axis Bank has acquired an additional 6.23% stake in Max Life by making an infusion of ₹1,612 crores.

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Cyril Amarchand Mangaldas advises Axis Bank on acquisition of additional 6 23% stake in Max Life for INR 1,612 crore [Business Wire India]

Cyril Amarchand Mangaldas advises Axis Bank on acquisition of additional 6 23% stake in Max Life for INR 1,612 crore [Business Wire India]
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