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23:24 IST BSE
Fund RaiseMax Financial Services Ltd MFSL

Max Financial Services Fund Raise of ₹380.6 Cr

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.

Value
₹380.6 Cr