IRDAI Approves The Long Awaited Axis Bank-Max Life Deal: Motilal Oswal Review
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IRDAI Approves The Long Awaited Axis Bank-Max Life Deal: Motilal Oswal Review

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Insurance Regulatory and Development Authority of India has given its formal nod to Axis Bank Ltd. and its subsidiaries’ – Axis Capital and Axis Securities – acquisition of up to 12% stake in Max Life.

This clears the long awaited overhang on the Axis-Max Life deal and paves the way for a long-term strategic partnership between the two entities.

As per the proposed deal structure, Axis Bank and its entities would have the right to acquire another 7% over the course of the next few years.

Click on the attachment to read the full report:

Motilal Oswal MAX Financial Company Update.pdf

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