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Axis Bank to Acquire 29% Stake in Max Life Insurance

Published on April 29, 2020
Current Context: Axis bank is set to acquire an additional 29% stake in Max Life Insurance with an estimated price of Rs 1,592 crore.
Axis Bank to Acquire 29% Stake in Max Life Insurance

  • After this additional acquisition, the deal will increase the Axis Bank’s stakes in Max Life Insurance to 30%. Max Financial Services will hold the remaining 70 percent in the joint venture.

Static Part:

  • Headquarters of Axis Bank: Mumbai
  • MD and CEO of Axis Bank: Amitabh Chaudhry
  • Tagline of Axis Bank: BadhatikaNaamZindagi.
  • HQ of Max Life Insurance: New Delhi
  • MD and CEO of Max Life Insurance: Prashant Tripathy

Question:

Q.1 Axis bank to acquire an additional ____percent stake in Max Life Insurance?
a. 28%
b. 27%
c. 25%
d. 29%
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