Is Max Life Insurance tie up with Axis Bank?

Is Max Life Insurance tie up with Axis Bank?

Axis Bank and its two subsidiaries—Axis Capital Limited and Axis Securities Limited collectively own 12.99% stake in Max Life after the consummation of the deal. The Axis Entities have a right to acquire an additional stake of up to 7% in Max Life, in one or more tranches, subject to regulatory approvals. Apr 6, 2021