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