Axis Bank to Invest ₹389 Crore in Subsidiary, Increasing Stake
Max Financial Services Limited · MFSL · NSE ·
Its material subsidiary, Axis Max Life Insurance, will raise **₹389 crores** through a preferential issue of shares to its partner, **Axis Bank**. Post-infusion, Axis Bank Group's collective stake in the subsidiary will increase from 19.02% to **19.99%**, the maximum permissible…