Max Life, HDFC Standard In Pact To Create India's Biggest Private Life Insurer

Max Financial Services on Friday entered into a pact to explore merger possibility with HDFC Standard Life, the company said. The merger of HDFC Life and Max Life will create the country's biggest private life insurer. Max Financial Services shares rallied as much as 20 per cent, while HDFC shares were among the top Nifty gainers today. "Max Financial Services Ltd has informed BSE that the Board of Directors of the Company at its m...