Max Financial Services Shares Zoom 20% On Merger With HDFC Life

Mumbai: Shares of Max Financial Services soared 20 per cent to touch its highest trading permissible limit of the day as the company and Max Life Insurance will merge into HDFC Standard Life Insurance. The stock zoomed 19.99 per cent to Rs 514.40 - its upper circuit limit - on BSE. At NSE, it surged 20 per cent to touch its highest trading permissible limit of Rs 514.50. Shares of HDFC too rose by 1.99 per cent to Rs 1,225.25 on BSE...