Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.84)


Which bank revised stake acquisition agreement with Max Life?

[A]. Yes Bank
[B]. Axis Bank

Answer: Option B


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%.

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