CCI approves the acquisition of stake by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited in Max Life Insurance Company Ltd



Quick Summary
The Competition Commission of India (CCI) has given the green light for Axis Bank, along with its subsidiaries Axis Capital and Axis Securities, to acquire a minority stake in Max Life Insurance Company Limited. This approval allows Axis Bank to increase its shareholding in Max Life to approximately 9.9%, while Axis Capital and Axis Securities will acquire 2% and 1% stakes respectively. The detailed order from the CCI is expected to follow.

CCI gives approval to Axis Bank Limited, Axis Capital Limited, and Axis Securities Limited to acquire a minority stake in Max Life Insurance Company Limited. Read the official announcement below: The Competition Commission of India (CCI) approves the acquisition of stake by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited in Max Life Insurance Company Limited. Axis Bank Limited provides services in retail banking, which includes retail lending and retail deposits, wholes
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Community
  • Daily E-Newsletter
  • Unlimited News Access
  • Profile Visitors
  • Link Social Profiles
  • Featured Job Posts
  • Pro Badge
  • Expert GST Guidance
  • Unlimited Forum Replies
  • Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience.

FAQ :

The CCI has approved the acquisition of a minority stake in Max Life Insurance Company Limited by Axis Bank Limited, Axis Capital Limited, and Axis Securities Limited.

Axis Bank Limited, Axis Capital Limited, and Axis Securities Limited are involved in the acquisition.

Axis Bank Limited's shareholding in Max Life Insurance Company Limited is proposed to increase to approximately 9.9%.

Axis Capital Limited will acquire a 2% shareholding, and Axis Securities Limited will acquire a 1% shareholding in Max Life Insurance Company Limited.

Max Life Insurance Company Limited is a life insurance company engaged in providing life insurance, annuity products, and investment plans in India.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :


More »


Popular News





CCI Pro



Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details