ALFA Filings
Every announcement, straight from the exchange
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
Announcement type
Time
4 announcements with these filters
Axis Max Life Insurance allotted equity shares worth ₹380.60 Crore to Axis Bank on a preferential basis. The parent company's stake in the subsidiary subsequently reduced to ~80.01%.
Axis Max Life Insurance allotted 2,50,56,200 shares to Axis Bank for ₹380.60 Crore. This preferential allotment increases Axis Bank's stake to approximately 17.23%.
Max Financial Services approved a ₹389 Crore capital infusion by Axis Bank into its subsidiary, Axis Max Life Insurance. Consequently, the company's total fundraise size was reduced from ₹2,000 Crore to ₹1,600 Crore. The Board also confirmed shifting the registered office to Gurugram, Haryana, effective April 13, 2026.
Axis Max Life Insurance approved a preferential allotment of 2.50 crore equity shares to Axis Bank for approximately ₹380.60 Crore. Following the infusion, Axis group entities will collectively hold 19.99% of the insurer. This capital raise supports future growth and aligns with existing shareholder agreements among Max Financial and Axis Bank.