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 Delivers Advice, Financial Assistance As Government Shutdown Continues
FOR THE LATEST DATA ON USAA SHUTDOWN RELIEF, VISIT USAA STORIES: LINK Read more
UPDATE: USAA Delivers $150 Million In Loans Within 48 Hours To Serve Members Impacted By Government Shutdown
FOR THE MOST UP-TO-DATE DATA ON USAA SHUTDOWN ACTIVITY, VISIT USAA STORIES: LINK Read more
USAA Names Rob Arena President Of Life Insurance Company
Sep 30 2025 SAN ANTONIO – September 30, 2025 – USAA has appointed Rob Arena as Preside... Read more
USAA Prepares Financial Assistance To Serve Members Impacted By Potential Government Shutdown
No-interest loan and payment relief options among the benefits that eligible members can access Read more
USAA, NFL Extend Long-standing Partnership
USAA to continue providing exceptional Salute to Service NFL experiences to the military community Read more
Nearly Half Of Gen Z Doesnt Know What Affects Their Credit Score, According To New USAA Report
Study Reveals Gaps in Young Adults’ Credit Knowledge and Optimism for Financial Growth Read more