Max Financial To Acquire Mitsui Sumitomo’s 21% Stake In Max Life Via Share Swap

The share swap deal comes a fortnight after Axis Bank and the Max companies signed a confidentiality and exclusivity pact.

A handhsake. (Photographer: Suzanne Plunkett/Bloomberg News)  

Max Financial Services Ltd. has agreed to allow Mitsui Sumitomo Insurance Co. Ltd. to swap its shareholding in Max Life Insurance Co. Ltd. for a stake in the listed entity.

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