Private insurer Max New York Life Insurance announced that it has taken all the regulatory approvals from IRDA allowing them to dilute 4% stake to Axis Bank.
Rajesh Sud, MD and CEO of Max New York, said, “We are in the final stage of diluting 4% stake. We have already received approval from Insurance Regulatory and Development Authority (IRDA) to dilute 4% stake to Axis Bank.”
Max New York Life Insurance started its operations in the April 2001, and is a joint venture between Max India...
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