Overall, there were 47 stocks where MF holdings were up in the September quarter for the fourth quarter.

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...

Mutual funds own at least 20 per cent stake in each of these stocks.

Max Group’s Singh said a deal would give a boost to the overall life insurance sector.

These include the Japanese firm Sumitomo, Axis Bank and other smaller shareholders.

Over the past couple of days, New York Life had also acquired shares of MFS from the open market.

The discussions, though preliminary, are seen as important as a successful conclusion could lead to a higher stake in a niche private secto...

Birlas have been on the lookout for scaled franchise for long while Singh has been open to monetising his investments.

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

The consolidated revenues grew by 26 per cent to Rs 3,349 crore, the company said in a release.

ICICI Prudential had in November 2015 sold 6 per cent of its stake to investors such as Azim Premji and Temasek Holdings for Rs 1,950 crore.

My EV projections will suggest that it is trading at around three times FY18 NIMs

Domestic mutual funds raised stakes by at least 100 basis points in 15 BSE500 firms, including five banking and finance companies during th...

Minority shareholders of Max Financial Services will have to approve fee to be paid by HDFC Life to MFS promoters.

Max Financial Services, the first to be listed following the de-merger of erstwhile Max India, posted profit before tax of Rs 127 crore for...

Max India announced the embedded value (EV) for its life insurance business at Rs 5,363 Cr as at September end as compared to Rs 5,232 cror...

Ownership patterns in India Inc have changed over the last five years, with foreign ownership rising to 22% in June 2007 vs 12% in March 20...