Axis Bank to buy 29% more stake in Max Life Insurance

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Axis Bank to buy 29% more stake in Max Life Insurance

Apr 28, 2020 13:39 IST

Axis Bank's board has approved the purchase of an additional 29% stake in Max Life Insurance. Axis Bank is the third-largest private bank and Max Life is the fourth largest private life insurer in India. Post completion of the series of transactions, Max Life will become a 70:30 joint-venture between Max Financial Services and Axis Bank.

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