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.
- 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%
a. 28%
b. 27%
c. 25%
d. 29%
