IRDAI imposed penalties on Axis Bk, Max Life for pricing violations

Axis Bank
acquired 13% in #MaxLife at a discount to other share transactions

#MaxLife partners DCB Bank for life insurance solutions

RT @YashJain88: Axis Entities To Acquire Addl 6.03% In Max Life

Axis Entities= Axis Bk, Axis Cap, Axis Sec

#Axis Entities Already Hold 12.99% In Max Life

#MaxLife Shareholding Post Deal:
▪️Axis Bank 16.22%
▪️Axis Cap & Axis Sec 2.8%

Big +ve For Max Fin, But -ve For Axis Bk

Here’s Why👇🏻 https://t.co/GtJDJ2BCWb

We are done with promoter selling #stake in Max Financial. #AxisBank can raise stake in #MaxLife to up to 20%. Will be our desire to have a listed combined co between Max Fin & Max Life, adds Prashant Tripathi of Max Life to CNBC-TV18 https://t.co/xwNOoHhnaP

#AxisBank says #DelhiHighCourt does not admit Subramanian Swamy’s plea w.r.t #MaxLife Deal. The court did not admit the PIL & disposed off the matter