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Axis Bank entities close deal with Max Life Insurance, become co-promoters

Axis stake at 12.99%, will nominate three directors to Max Life's board

Topics
Max Life Insurance | Axis Bank | Insurance

BS Reporter  |  Mumbai 



Axis Bank

Private sector lender and its subsidiaries Axis Capital Limited and Axis Securities have completed acquiring a stake in and post of the completion of the transaction have become co-promoter of the life insurer with 12.99 per cent stake.

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First Published: Tue, April 06 2021. 19:39 IST

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