Axis-Max Life deal approved by Competition Commission of India
Wed, Jan 20, 2021 10:30 PM

Axis-Max Life deal approved by Competition Commission of India

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The CCI on Wednesday allowed the stake acquisition in Max Life Insurance Company by Axis Bank, Axis Capital and Axis Securities. At present, the bank holds about 1% stake in Max Life and is also the biggest distributor of the insurer's products through banking channel. After the deal, Axis Capital Ltd and Axis Securities will acquire 2% and 1%, respectively.

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