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Diversified Max Group has sold a 13 per cent stake in Max Life Insurance Company to the country s third largest private sector lender Axis Bank, which will now be a co-promoter of the insurer. The completion of the deal comes more than a year after Max Financial Services and Axis Bank announced their intent to have a strategic partnership for the former s insurance venture. Financial details were not disclosed. Max Financial Services the holding company of Max Life has offloaded 12.99 per cent stake in the insurer to Axis Bank and its subsidiaries Axis Capital and Axis Securities Ltd, according to a regulatory filing. ....
After long wait, Max Group sells 13% stake in life insurer Max Life to Axis Bank Top Searches After long wait, Max Group sells 13% stake in life insurer Max Life to Axis Bank PTI / Apr 6, 2021, 21:44 IST FacebookTwitterLinkedinEMail Up Next NEW DELHI/MUMBAI: Diversified Max Group has sold a 13 per cent stake in Max Life Insurance Company to the country s third largest private sector lender Axis Bank, which will now be a co-promoter of the insurer. The completion of the deal comes more than a year after Max Financial Services and Axis Bank announced their intent to have a strategic partnership for the former s insurance venture. ....
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