Current Affairs - Banking - Discussion

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

84. 

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%.

Post your comments here:

Name *:

Email   : (optional)

» Your comments will be displayed only after manual approval.