Axis Bank to buy addl 7% stake in Max Life Insurance

PTI

Updated At : 05:09 PM Jan 11, 2023 IST

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New Delhi, January 10

Axis Bank on Tuesday said it has entered into a revised agreement with Max Financial Services to acquire an additional 7% stake in Max Life Insurance at fair market value using discounted cash flow method.

The revision in agreement follows the guidance issued by the Insurance Regulatory and Development Authority (IRDAI) in October last year.

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