Value Lens: Is the Axis Bank-Max Life Insurance deal deeply discounted?

By Ankit Agarwal

  • 06 May 2020
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Credit: Reuters

Axis Bank’s deal to bump up its stake in Max Life Insurance Company Ltd has likely come cheap for India’s third-largest private-sector lender, according to VCCircle estimates. The bank agreed late last month to raise its stake from around 1% to 30% by purchasing shares from Max Financial Services Ltd, the ......

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