Max Financial gets IRDAI nod to acquire residual stake in Max Life; stock jumps 6%
Max Financial Services will acquire the additional stake in Max Life Insurance at ₹85 per share, taking total shareholding to 87%.
max life insurance company
November 2022
October 2022
Max Life to pay ₹3 cr IRDAI penalty but insists no ‘wrongdoing’
In 2021 Axis Bank-Max Life deal, IRDAI says Max Life facilitated transactions of transfer of its shares between parties in violation of its rules, which allowed Axis entities to make “undue profits”.
IRDAI imposes ₹3 cr fine for violations in Axis Bank-Max Life Insurance deal
IRDAI says Max Life Insurance facilitated transactions of transfer of its shares between the parties in violation of its directives, which allowed Axis entities to make undue profits.
