Quick Summary
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
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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.
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