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AXIS MAX MERGER
Stocks in news: Ola Electric, Eicher Motors, Axis Bank, Anant Raj, WiproMarkets faced pressure on Monday, with key indices declining over half a percent due to weak global cues. Ola Electric approved its QIP iss...- Axis Bank hikes stake in Axis Max Life Insurance to 19.9%Axis Bank has boosted its stake in Axis Max Life Insurance. The bank and its subsidiaries now hold 19.99 percent of the insurer. This move ...
- No hurdle likely in Max Financial merger plan: Axis Max LifeAxis Max Life anticipates a smooth merger with Max Financial Services, pending parliamentary approval of the insurance bill. The amendment ...
- Axis Bank hikes stake in Max Life for Rs 336 crAxis Bank and its two subsidiaries - Axis Capital Ltd and Axis Securities Ltd - were allowed to collectively own about 20 per cent in Max L...
- Axis Bank entities to up stake in Max Life Insurance at Rs 336 croreAxis Bank and its subsidiaries have approved increasing their stake in Max Life Insurance to 19.99% through a Rs 336 crore cash deal. This ...
- Zee-Sony merger: NCLAT adjourns hearing over IDBI, Axis Finance plea to Oct 31The National Company Law Appellate Tribunal (NCLAT) did not issue notice over the petitions filed by the private lender and the non-banking...
- Zee-Sony merger: NCLAT adjourns hearing over Axis Finance plea to FridayThe appellate tribunal on Friday will hear another plea filed by private lender IDBI Bank, which has also challenged the August 10, 2023, o...
- Axis Finance has no locus to oppose Sony merger, claims ZEELZee Entertainment, through its counsel also argued that the parties, opposing the merger have so far not proved how this merger will be pre...
- Axis Bank to acquire 29% stake in Max Financial, forms JV; stocks rally up to 4%Axis Bank, which will hold 30 per cent stake in Max Life, said it will be a cash transaction and will take 6-9 months to materialise, subje...
- Axis Bank looks to acquire a large stake in Max LifeThe ongoing talks between Axis Bank and Max Life comes nearly two years after regulators spiked the latter’s merger deal with HDFC Life.
- Axis looks to foray into life insurance businessAxis Bank’s decision was triggered by Max’s promoters seeking to exit life insurance through a merger with HDFC Life Insurance, although th...
- Birla, Kotak look to pick 24% stake in Max FinancialSources say AB Capital has evinced an interest to buy 24% stake in Max Financial
- HDFC Life, Max Life to chalk out new ways to mergeConflicting signals are emerging on whether the consolidation would happen first or IPO of HDFC Life.
- HDFC Life likely to rework merger deal with Max LifePost Insurance Regulatory and Development Authority of India, both the companies will need approvals from the Securities and Exchange Board...
- Kotak-Axis merged entity to be among largest private banks: CLSA"Its combined market cap would be US$40bn; we see a share-swap ratio of 0.6:1 for Axis," said CLSA.
- Irda seeks legal opinion on Max-HDFC merger planThe Insurance Regulatory and Development Authority (Irda) had initially rejected the two-way merger in the way the companies had proposed.
- HDFC, Max may have to rejig terms for new lifeInsurance Act does not allow merger between an insurance company and a financial services company, said an Irda official.
- HDFC Life-Max Life merger hits regulatory blockAxis Bank has a minority share in Max Life as part of its bancassurance tie-up with Max Life
- Ashish Vohra to take over as Reliance Life CEOAs Max Life moves to merge with HDFC Life, many in the senior to middle management are left with little choice but to leave the company.
- Success of two 'Lifes' hinges on Axis bankAxis Bank may be the smallest of the institutional shareholders in Max Life, but it holds the key for the success of the HDFC Life and Max ...
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