Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1242)
1242.
Which bank is to acquire 17% instead of 29% in Max Life Insurance?
Yes Bank
Axis Bank
ICICI Bank
HDFC Bank
Answer: Option
Explanation:
Axis Bank Ltd(Axis Bank) to acquire 17%(17.002%) of the equity share capital in Max Life Insurance(Max Life), instead of 29%. After the transaction, the total ownership of Axis bank in Max Life will be 18%. The parties have executed definitive agreements.
Discussion:
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