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Axis Bank will infuse Rs 1,612 crore in Max Life Insurance through preferential allotment, which will result in the private sector lender’s direct stake in the life insurer increasing to 16.22 per cent and the collective stake of Axis Entities increasing to 19.02 per cent. This infusion will help Max Life support its future growth ambitions, augment its capital position, and improve solvency margins. Currently, Axis Entities holds a 12.99 per cent stake in Max Life and Max Financial Services holds 87 per cent. After the transaction, Max Financial’s stake in the life insurance company will come down to 80.98 per cent.
Where is India’s first cable-stayed rail bridge, the Anji Khad Bridge, located?
Which agribusiness company is planning to invest Rs 300 crore over the next 3-4 years to set up an integrated palm oil complex, including a crude palm o...
What is the maturity period of the bond scheduled to be auctioned for Rs 10,000 crore in the week of October 30 - November 3, 2023?
FIEO has urged the government to extend the interest subvention scheme for how many years?
Who has become the first Indian Women’s cricketer to be named a Wisden Cricketer of the Year?
According to Moody’s,India's GDP has crossed ______ in 2022 and will be the fastest-growing G-20 economy over the next few years, but reform and polic...
RBI has accorded approval to ICICI AMC to acquire 9 . 95 per cent stake in which of the following bank / banks?
Which country has become India’s second biggest Oil Exporter?
Former Chief Minister of _____ and veteran Congress leader and Hemananda Biswal passed away.
The Reserve Bank of India (RBI) recently extended the timeline for implementation of certain provisions of the master directions it issued on issuance o...
