Irdai directs Max Life to rejig Axis Bank deal

The regulator has not agreed to the ‘value creation options’ condition that allowed Axis Bank to exit at a fixed price. In April, the private bank had agreed to hike its stake in the life insurer to 30% for Rs 1,600 crore.

from Stocks-Markets-Economic Times https://ift.tt/2WQE0fs

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