Max Life

Axis Bank MD and CEO speaks exclusively to Moneycontrol as he takes charge for the third term, shares his insight into the House of GPS and the road ahead

Axis Bank hikes stake in Max Life for Rs 336 crore

The acquisitions, divestments and merger Committee of the board of directors of the bank at its meeting held on June 19, 2024, has approved a proposal for acquisition of additional equity shares of Max Life by the bank for an amount of up to Rs 336 crore, Axis Bank said in a regulatory filing

Max Life chief hopes Axis Bank to complete Rs 1,612-cr capital infusion in 3 months

Axis Bank board on August 9 gave its nod to Rs 1,612-crore infusion in Max Life Insurance Company Limited, a material subsidiary of Max Financial Services Limited

 IRDAI asks SEBI to look into Axis Bank-Max Life deal

The insurance regulator wants SEBI to investigate if the fair market value was determined by the book, CNBC-TV18 has reported

Axis Bank approves Rs 1,612 crore infusion in Max Life through preferential allotment

The Bank will now enter into a Share Subscription Agreement with Max Life for proposed acquisition through subscription to the Preferential Issue of 14,25,79,161 fully paid-up equity shares

Axis Bank to acquire remaining 7% stake in Max Financial

The bank said it will acquire the remaining stake of Max Life using discounted cash flow

MC Exclusive | Max Financial Services promoter to sell stake as per sources, chairman Analjit Singh denies

Analjit Singh is said to have started a stake sale process and expects a valuation of over Rs 27,000 crore.

Max Financial Services gets Irdai nod to acquire 5.17% stake of Mitsui Sumitomo in Max Life

The transaction is expected to be concluded in the next fortnight, Max Financial Services Ltd (MFSL) said in a regulatory filing.

IRDAI writes to SEBI to examine Axis Bank-Max Life share deal

According to a CNBC-TV18 report, the IRDAI wrote to SEBI seeking its view on the fair value, wrongdoing or any security regulations violation of the deal.

Axis Bank says followed all rules in Max Life Insurance deal

''We believe all the rules and regulations have been followed through the entire deal process,'' Chaudhry, the bank's Managing Director and Chief Executive Officer, told reporters on a call

Max Life rebounds in May, but growth winds are firmly behind SBI Life

SBI Life clocks strong growth in revenue and unit sales. Max Life sees sequential recovery in market share

Private-sector insurance players surprise with 42% yoy APE growth this April: Kotak Institutional Equities

This is impressive because April 2021 was a strong month as well; SBI Life and ICICI Life bounce back

IRDAI approves Mitsui Sumitomo's Max Life stake swap with MFSL

New Delhi, Nov 28 Max Financial Services Ltd (MFSL) on Saturday said IRDAI has approved the proposed transfer of 39.47 crore shares constituting 20...

Axis Bank to buy only 17% stake in Max Life instead of 29%; share price gains 2%

Axis Bank now proposes to acquire 17.002 percent of the equity share capital of Max Life, a material subsidiary of Max Financial Services.

Axis Bank-Max Life deal: Here are the contours of the proposed acquisition

The long-term intent of the partnership, according to the statement given to exchanges, is to merge Max Financial Services (MFS) with Max Life

Axis Bank hints at hiking stake in Max Life

Axis Bank said it has entered into a confidentiality and exclusivity arrangement to explore the possibility of entering into a long-term strategic partnership with Max Life.

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Axis Bank to explore long-term strategic partnership with Max Financial, Max Life

Axis Bank is likely to hike its stake in Max Life Insurance to get a 'promoter' tag, subject to RBI and IRDAI approvals.

No proposal with IRDAI for 10% stake sale in Max Life to Axis Bank: Max Financial Services

The clarification came in response to media reports that Axis Bank may have to shell out more money to increase its stake in Max Life.

Max Life, New York Life launch knowledge, leadership programme to boost productivity

Max Life has also announced a separate agreement with New York Life for the latter to provide certain offshore support services to its former executives.

Max Life embedded value at Rs 6946 crore, eyes acquisition opportunities

The annualised growth in EV in the first half of FY2018 (H1 FY2018) was 17 percent. The Value of New Business (VNB) written during H1 FY2018 was Rs 204 crore, growing 16 percent over the corresponding period last year.

Max Life, HDFC Life 'committed to merger', weighing options

In November last year, Irdai had posed reservations on the present form of amalgamation of Max Life and HDFC Life into a single entity to comply with Section 35 of the Insurance Act, 1938.

Max Life-HDFC Life deal likely to be delayed further

The much awaited Max-HDFC Life deal has been delayed further. Watch Yash Jain of CNBC-TV18 giving more details.

RBI rate move unlikely; may announce tools to manage excess liquidity: Max Life

Mihir Vora, Director and Chief Investment Officer, Max Life in an interview to CNBC-TV18 shared his views on market fundamentals and his expectation from the Reserve Bank of India monetary policy today.

HDFC Life-Max Life merger faces yet another regulatory hurdle

Sources have told CNBC-TV18 that the insurance regulator has sought a legal review on the proposed structure of the combine.