Max Financial Services approves listing of Axis Max Life via merger

Max Financial Services

04/02/2025 15:36

BENGALURU, Feb 4 (Reuters) - India's Max Financial
Services  MAXI.NS  said on Tuesday it has approved the listing
of its unit, Axis Max Life, by merging with the insurer.
    The move comes after the country's insurance regulator
sought a public listing roadmap from Axis Max Life, the
financial services company said.
    Max Financial, which holds nearly an 81% stake in Axis Max
Life, said it will initiate the process for the insurer's
listing once there is clarity on the law allowing such mergers. 

 (Reporting by Nishit Navin in Bengaluru; Editing by Shreya
Biswas)
 ((Nishit.Navin@thomsonreuters.com;))