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Business Standard

Max Financial surges 13% as Axis Bank tweaks Max Life Insurance deal terms

Axis Bank had initially planned to raise its stake in the insurer to 30 per cent for about Rs 1,590 crore

Topics
Markets | Axis Bank | Max Financial

SI Reporter  |  New Delhi 



Following the sharp run-up, returns are expected to plateau.

Shares of Services zoomed 13 per cent to a fresh 52-week high of Rs 622 on the BSE on Tuesday after the company said that has reduced the size of the stake that it plans to buy in to 17 per cent from 29 per cent.

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First Published: Tue, August 25 2020. 10:29 IST

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