Latest Breaking News On - அதிகபட்சம் நிதி சேவைகள் - Page 12 : comparemela.com

Axis Bank becomes a co-promoter of Max Life Posted On: 2021-04-06 10:17:41 (Time Zone: Arizona, USA) Axis Bank Limited ( Axis Bank ), India s third largest private sector bank, together with its subsidiaries Axis Capital Limited and Axis Securities Limited (collectively referred to as Axis Entities ) have become the co-promoters of Max Life Insurance Company Limited ( Max Life ), after completion of the acquisition of 12.99 % stake collectively by the Axis Entities in India s fourth largest private life insurance firm - Max Life. The Board of Max Life recorded the closure of the deal today. The transaction was completed after the Insurance Regulatory and Development Authority of India (IRDAI) gave its formal approval in February this year. Max Life s holding company Max Financial Services Limited ( MFSL ) and Axis Bank had first announced their intent to bring in the latter as a strategic partner in Max Life in February 2020.

United statesPrashant tripathyAnaljit singhAmitabh chaudhryMohit talwarSubrat mohantyMax financial services ltdAxis bankMax financial servicesMax financial services limitedAxis bank limitedAxis capitalMax groupMax life insurance company limitedDevelopment authority of indiaAxis securities