Announced
Financials
Sources
Tags
India
life insurers
Life Insurance
Acquisition
Domestic
Minority
Pending
Private
Single Bidder
Friendly
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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