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Acquisition of additional stake in Max Life Insurance Company Limited

| Updated on November 11, 2016 Published on November 11, 2016

Max Financial Services Ltd has informed BSE that the Company has acquired 1% additional stake in its subsidiary Company Max Life Insurance Company Limited (“Max Life”), comprising 19150000 equity shares of Rs. 10/- each from Axis Bank Limited for a consideration of Rs. 212.57 crore approximately.

Accordingly, the shareholding of the Company in Max Life stands increased to 70.01%.

Pdf Link: >Acquisition of additional stake in Max Life Insurance Company Limited

Source : BSE - >www.bseindia.com

Published on November 11, 2016
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