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Max India to be split into 3 units

Will bring structural clarity, says promoter Analjit Singh; new entities to be listed to unlock value

Analjit Singh
Analjit Singh

The board of Max India, the flagship of serial entrepreneur Analjit Singh, has approved splitting the company into three verticals that would be listed to unlock the value of these businesses. The demerger is expected to be completed in six to nine months. The leadership would remain unchanged upon the demerger. After the split, Max India will be renamed Max Financial Services and will solely focus on the group's flagship life insurance activity, through 72.1 per cent stake in Max Life, making it the first Indian listed company solely focused on life insurance. The second vertical ...