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