Axis 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 and its subsidiaries have approved increasing their stake in Max Life Insurance to 19.99% through a Rs 336 crore cash deal. This ...

The National Company Law Appellate Tribunal (NCLAT) did not issue notice over the petitions filed by the private lender and the non-banking...

The appellate tribunal on Friday will hear another plea filed by private lender IDBI Bank, which has also challenged the August 10, 2023, o...

Zee 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, 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...

The ongoing talks between Axis Bank and Max Life comes nearly two years after regulators spiked the latter’s merger deal with HDFC Life.

Axis Bank’s decision was triggered by Max’s promoters seeking to exit life insurance through a merger with HDFC Life Insurance, although th...

Sources say AB Capital has evinced an interest to buy 24% stake in Max Financial

Conflicting signals are emerging on whether the consolidation would happen first or IPO of HDFC Life.

Post Insurance Regulatory and Development Authority of India, both the companies will need approvals from the Securities and Exchange Board...

"Its combined market cap would be US$40bn; we see a share-swap ratio of 0.6:1 for Axis," said CLSA.

The Insurance Regulatory and Development Authority (Irda) had initially rejected the two-way merger in the way the companies had proposed.

Insurance Act does not allow merger between an insurance company and a financial services company, said an Irda official.

Axis Bank has a minority share in Max Life as part of its bancassurance tie-up with Max Life

As 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.

Axis 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 ...