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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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max: Max Fin issues clarification on Axis deal, dismisses reports on violation of norms

Max Financial Services on Thursday issued a clarification on share sale transactions involving Axis Bank and Max Life Insurance Company Limited (‘Max Life). The company dismissed reports of violation of norms in the Axis-Max Life deal, as reported by CNBC TV18 on August 31, 2023. ....

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Max Financial gets IRDAI nod to increase its stake in Max Life by 5.17% to 87%

The transaction entails the purchase of 9.91 crore shares of Max Life at Rs 85 per share by MFSL, the parent company of Max Life. ....

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India: Max Financial promoters sell shares worth $105m

India: Max Financial promoters sell shares worth $105m
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

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Market Ahead, March 9: All you need to know before the Opening Bell

The US stock ended mixed in the overnight session as a rotation out of growth stocks drove the Nasdaq 100 Index into a technical correction and offset stocks that rose on hopes the $1.9 trillion Covid-19 relief bill will spur the US economic recovery.
The Nasdaq Composite dropped 2.41% to its lowest close since November and is now down 11% from an all-time high in February. The S&P 500 lost 0.54% while the Dow hit a record high and rose 0.97%.
Asian stocks mirrored the sentiment in US stocks and were trading mixed. Japan s Topix index rose 0.4%, Australia’s S&P/ASX 200 Index added 0.7% while Kospi index fell 0.7%. ....

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