Axis , Max get nod for Insurance JV | Editorji
  1. home
  2. > markets
  3. > Axis-Max Life JV finally gets nod
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute

Axis-Max Life JV finally gets nod

Feb 25, 2021 13:32 IST | By Editorji News Desk

After a long wait, the insurance regulator IRDAI has given its final nod to Axis Bank and subsidiaries, picking up a 12% stake in Max Life Insurance. This will now finally let Axis be a joint venture partner in the company, something that the entities had announced in April 2020.

Now that all the pins have fallen in place for the deal, it also allows Axis entities to raise their stake further by 7% which they intend to do in a couple of years.

Max Life is the fourth-largest private life insurer in India, while Axis is India’s third-largest private bank.


IPO Radar: Craftsman Automation

Mar 17, 2021 10:10 IST