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Business Standard

Axis Bank to buy 29% in Max Life Insurance, raise its total stake to 30%

After the completion of a series of transactions, Max Life will become a 70:30 joint venture between MFS and Axis Bank

Topics
Axis Bank | Max Life Insurance | Max Financial Services

Subrata Panda  |  Mumbai 

Life insurance, insurance
Max Life Insurance will include Axis Bank’s name in its tag line to further enhance customer trust in the brand and highlight the strength of the partnership

Private-sector lender Axis Bank on Tuesday said it would acquire an additional 29 per cent stake in Max Life Insurance, raising its total stake in the private life insurer to 30 per cent after the completion of the deal. Max Financial Services will hold the remaining 70 per cent in the joint venture.

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Read our full coverage on Axis Bank

First Published: Tue, April 28 2020. 11:48 IST

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