Max Life

The Stake of Axis Bank in Max Life is Likely to Increase

According to the CEO of the insurance company in the upcoming 12-18 months Axis Bank is likely to increase the stake by 20%. Axis Bank has two subsidiaries Axis Securities Limited & Axis Capital Limited and collectively took the stake of Max life insurance approx. of 12.99%Axis Bank is likely to increase the stake in parts as we see the current stake is about 13% and the remaining 7 will be in the upcoming months.