Under the deal announced in April, Axis Bank was to raise its stake in Max Life from 1% to 30% for ₹1,592 crore at ₹28.61 a share, elevating their bancassurance partnership to a JV.Irdai had also asked both firms to change a clause that empowers one of the two parties to appoint auditors in Max Life
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Sunday, August 23, 2020
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