Axis Bank to buy 29% stake in insurer Max Life [Reuters]
Axis Capital Holdings Limited (AXS)
Last axis capital holdings limited earnings: 1/29 04:15 pm
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Source: Reuters
Axis Bank to buy 29% stake in insurer Max Life BENGALURU (Reuters) - Axis Bank Ltd said on Tuesday it would buy a 29% stake in insurer Max Life Insurance, giving India’s third largest private-sector lender a seat among rival banks who already have a foothold in the country’s life insurance industry. Axis Bank, which already holds a minority stake in Max Life, will buy shares from the insurer's majority owner Max Financial Services Ltd to raise its stake to 30%, the Mumbai-based lender said in a regulatory filing here Max Financial will hold a 70% stake in the joint venture partnership. Economic Times had earlier on Tuesday reported that the deal could be worth 16 billion rupees ($209.43 million). Axis Bank and Max Financial were not immediately available to confirm the deal value. “We continue to believe in the long-term prospects of India’s under-penetrated life insurance space, current environment notwithstanding,” said Amitabh Chaudhry, chief executive officer of Axis Bank. India’
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- 10/29/25 - Beat
AXS
Sec Filings
- 12/4/25 - Form 4
- 12/4/25 - Form 3
- 11/21/25 - Form 8-K
- AXS's page on the SEC website