Axis Bank's infusion will give Max Life enough capital for 2 yrs: Tripathy

This deal was for Axis Bank to go up to 20%, and in the first tranche they had done 13 and 7 more was to go

Max Life Insurance will look into the possibility of reverse merger with parent Max Financial Services after Axis Bank’s capital infusion, says managing director (MD) & chief executive officer (CEO) Prashant Tripathy, in an interview with Manojit Saha for the Business Standard Banking Show. Edited excerpts:

Axis Bank has recently decided to increase stake in Max Life by 7 per cent to 19.02 per cent. There were certain reports that the market regulator sought clarification from Max Life. What is the nature of those clarifications?

This deal was for Axis Bank to go up to 20 per cent. Subsequently, Insurance