Held on 09 April 2018
Max Financial Services announced that the Board of Directors at its meeting held on 09 April 2018 considered various fund raising proposals and approved submission of such proposals received from KKR Capital Markets India, Standard Chartered Bank and TPG Global LLC & other co-investors (together the 'Investors') to pursue the acquisition opportunity by Max Life.The various fund raising proposals received by the Company are subject to, amongst other things, (i) execution of definitive documents between the Company and the relevant Investor(s); (ii) completion of various conditions agreed between the Company and such Investor(s); and (iii) receipt of requisite approvals, in each case, on terms and conditions satisfactory to the Investor(s).
The exact quantum of fund raising by the Company will be within the overall limits approved by the Board earlier and will be finalised once the acquisition opportunity materialises.
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