Sat, Dec 30, 2017
Besides the spate of IPOs, 2018 will also witness some consolidation in the insurance space although the merger of Max Life and Max Financial Services with HDFC Standard Life Insurance could not go through.
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Tue, Nov 07, 2017
HDFC Standard is offering nearly 30 crore equity shares and plans to raise nearly Rs 8,695 crore from this issue.
Sun, Dec 18, 2016
In the wake of Insurance Regulatory and Development Authority of India's (IRDAI) reservation about the deal structure in the proposed merger of Max Life Insurance Company with HDFC Life, a new structure is likely to be submitted soon, IRDA officials said.
Fri, Jul 29, 2016
Rajiv Anand, Executive Director & Head Retail Banking, Axis Bank, added, “Banks have increased their role in Insurance distribution with Bancassurance being the biggest contributor. Over the last five years the Life Insurance business at Axis Bank has grown at a CAGR of over 25%. The partnership with LIC would enable us to further expand our existing bouquet of offerings and put forth a compelling proposition for our customers.”
Fri, Jun 17, 2016
"If the merger were to happen then it needs to be seen if Axis Bank continues with its equity ownership and also if Axis Bankcontinues to be a bancassurance partner for the new combined entity," Deutsche Bank says in Money Control reports.
Due to the merger news, the stock of Max Financial Services was trading nearly 14% on the BSE.
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