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New Deal


Announced

Axis Bank to acquire an additional 6.3% stake in Max Life for $195m.

Financials

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Transaction Value£152m
Consideration TypeCash
Capital Owned10%
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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India

life insurers

Life Insurance

Acquisition

Domestic

Minority

Pending

Private

Single Bidder

Friendly

Synopsis

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Axis Bank, an Indian banking and financial services company headquartered in Mumbai, agreed to acquire an additional 6.3% stake in Max Life, an Indian life insurance company, for $195m. The proposed infusion by Axis Bank in Max Life will help it to support its future growth ambitions, Max Financial Services said in a statement.

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