Max Financial Hikes Stake In Insurance Arm For ₹153 Cr
Max Financial Services has raised stake in its life insurance arm by buying a portion from Axis Bank for ₹153 crore. MFS has acquired 0.74 per cent additional stake in its subsidiary, Max Life Insurance Company Ltd (Max Life), comprising 14,170,817 equity shares from Axis Bank, for a consideration of approximately ₹153.33 crore.
MFS said in a regulatory filing that with this, the shareholding of the company in Max Life has gone up to 70.75 per cent.
A part of the ₹3 billion Max group, MFS is the holding company for Max Life. Max Life is a joint venture between MFS and Japan-headquartered life insurance firm Mitsui Sumitomo Insurance. Max Financial Services ended higher by 1.40 per cent or ₹6.15 at ₹445.35 on the BSE.
USAA Named One Of Fortune Worlds Most Admired Companies™ For 10th Consecutive Year
Association recognized by wider business community in annual All-Star list of Top 50 companies Read more
USAA Appoints Retired Army General Bryan P. Fenton, Former Commander Of U.S. Special Operations Command, To Board Of Directors
Jan 28 2026 SAN ANTONIO – Jan. 27, 2026 – USAA today announced that retired Army Gener... Read more
USAA Readies Financial Assistance For Impacted Members Ahead Of Potential Government Shutdown
Jan 28 2026 SAN ANTONIO – After issuing nearly $450 million in financial relief to more ... Read more
Gen X Vs. Millennial Parents: New USAA Data Reveals Differences In Early Financial Behaviors For Gen Alpha
San Antonio, TX – JANUARY 13 – While Gen Z (born between 1997 and 2009) is under a constant microscope ... Read more
USAA Members Benefit From ~$3.7 Billion In Financial Rewards In 2025
Record Amount Underscores Association’s Commitment to Military Families Read more
USAA Ranked Highest By J.D. Power For Second Consecutive Year For Member Satisfaction In Individual Annuities
USAA continues to set the standard for personalized, efficient and reliable service across the industry. Read more