Sun, Dec 18, 2016
In the wake of Insurance Regulatory and Development Authority of India's (IRDAI) reservation about the deal structure in the proposed merger of Max Life Insurance Company with HDFC Life, a new structure is likely to be submitted soon, IRDA officials said.
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Wed, Sep 07, 2016
Max India said in a statement today,"The company has filed a joint application along with the aforesaid parties to the scheme with the CCI of India, seeking its approval."
Fri, Jul 29, 2016
Rajiv Anand, Executive Director & Head Retail Banking, Axis Bank, added, “Banks have increased their role in Insurance distribution with Bancassurance being the biggest contributor. Over the last five years the Life Insurance business at Axis Bank has grown at a CAGR of over 25%. The partnership with LIC would enable us to further expand our existing bouquet of offerings and put forth a compelling proposition for our customers.”
Fri, Jun 17, 2016
Due to the merger news, the stock of Max Financial Services was trading nearly 14% on the BSE.
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