Outcome of board meeting of Max India

Held on 21 October 2015

Max India announced that the Board of Directors in its meeting held on 21 October 2015, considered the proposal for increasing the equity participation of Axis Bank in Max Life Insurance Company (MLIC), a joint venture between Max India and Mitsui Sumitomo Insurance Company (MSI) to further strengthen Max India's partnership with Axis Bank. Currently, the equity stake of Max India, MSI and Axis in MLIC is 72%, 26% and 2% respectively.

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