Which bank revised stake acquisition agreement with Max Life?
[A].
Yes Bank
[B].
Axis Bank
[C].
ICICI
[D].
HDFC
Answer: Option B
Explanation:
New Delhi: Axis Bank on Friday announced a revised stake acquisition agreement with Max Financial. According to the revised agreement, Axis Bank will acquire up to 9% of the equity share cap of Max Life. The bank's subsidiaries Axis Capital Limited and Axis Securities Limited (together 'Axis Entities') will together acquire up to 3% of equity of Max Life. Axis Entities will have a right to acquire an additional stake of up to 7%.
