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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.

Principals

Max Life Insurance

target

Max Life Insurance

Axis Bank

bidder

Axis Bank

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Prashant Tripathy

Prashant Tripathy

ManagerCEO at MAX LIFE INSURANCE
Deal Bio
Total Deals
2/
Total Value
£153M
Anil Kasturi

Anil Kasturi

LawyerPartner at AZB & Partners
Deal Bio
Total Deals
49/
Total Value
£11,069M
Niladri Maulik

Niladri Maulik

LawyerPartner at AZB & Partners
Deal Bio
Total Deals
16/
Total Value
£2,241M
Nikita Agarwal

Nikita Agarwal

LawyerSenior Associate at AZB & Partners
Deal Bio
Total Deals
13/
Total Value
£5,192M
Amitabh Chaudhry

Amitabh Chaudhry

ManagerCEO at AXIS BANK
Deal Bio
Total Deals
6/
Total Value
£1,901M

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