Max Financial Services Sees A Clearer Path With Hurdles Behind: Prabhudas Lilladher  
A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India. (Photographer Dhiraj Singh/Bloomberg)

Max Financial Services Sees A Clearer Path With Hurdles Behind: Prabhudas Lilladher  

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.

Prabhudas Lilladher Report

Max Financial Services Ltd. got a much awaited regulatory approval for acquisition of stake in Max Life by Axis Bank Ltd. and its capital market subsidiaries.

Axis bank and subs will together acquire 12% stake and have a right to acquire additional 7% stake over one or more tranches which it intends to do over next few years.

Deal approval ends uncertainty on Axis and Max Life partnership, which has been a major driver of growth.

Click on the attachment to read the full report:

Prabhudas Lilladher Max Financial Event Update.pdf

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