Axis Bank on Wednesday increased its holding in Max Life to 19.99 per cent for Rs 336 crore. The acquisitions, divestments and merger Committee of the board of directors of the bank at its meeting held on June 19, 2024, has approved a proposal for acquisition of additional equity shares of Max Life by the bank for an amount of up to Rs 336 crore, Axis Bank said in a regulatory filing. With this, the aggregate shareholding of Axis Entities increased from 19.02 per cent to 19.99 per cent, it said. The transaction is subject to receipt of all requisite regulatory approvals, as may be applicable, it said. Axis Bank and its two subsidiaries – Axis Capital Ltd and Axis Securities Ltd – were…
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