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Competition Commission of India approves Axis-Max Life deal

Updated : January 21, 2021 12:51 PM IST

As per the proposed transaction, Axis entities which comprise of Axis Bank, Axis Capital and Axis Securities will be acquiring a total 19 percent stake in Max Life Insurance.
Since the transaction has been formulated under the automatic route, it would not require any further approval from the Reserve Bank of India (RBI) to proceed further.
Published : January 20, 2021 10:59 PM IST

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