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Axis Bank Ltd is ready to acquire around ______ of the equity share capital of Max life Insurance.
  • a)
    15%
  • b)
    17%
  • c)
    19%
  • d)
    21%
  • e)
    16%
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Axis Bank Ltd is ready to acquire around ______ of the equity share ca...
Axis Bank Ltd along with its subsidiaries namely, Axis Capital Ltd and Axis Securities Ltd (together Axis Entities) has agreed to enter into revised agreements with Max Financial Services (MFS) Ltd to acquire up to 19.002% of the equity share capital of Max Life Insurance Co Ltd (Revised Agreements).
This is in accordance with the Para 5(b) of Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016. Earlier the Axis bank was to acquire 17.002% in Max Life Insurance.
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Axis Bank Ltd is ready to acquire around ______ of the equity share ca...
Axis Bank Ltd along with its subsidiaries namely, Axis Capital Ltd and Axis Securities Ltd (together Axis Entities) has agreed to enter into revised agreements with Max Financial Services (MFS) Ltd to acquire up to 19.002% of the equity share capital of Max Life Insurance Co Ltd (Revised Agreements).
This is in accordance with the Para 5(b) of Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016. Earlier the Axis bank was to acquire 17.002% in Max Life Insurance.
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Axis Bank Ltd is ready to acquire around ______ of the equity share ca...
Axis Bank Ltd along with its subsidiaries namely, Axis Capital Ltd and Axis Securities Ltd (together Axis Entities) has agreed to enter into revised agreements with Max Financial Services (MFS) Ltd to acquire up to 19.002% of the equity share capital of Max Life Insurance Co Ltd (Revised Agreements).
This is in accordance with the Para 5(b) of Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016. Earlier the Axis bank was to acquire 17.002% in Max Life Insurance.
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Axis Bank Ltd is ready to acquire around ______ of the equity share capital of Max life Insurance.a)15%b)17%c)19%d)21%e)16%Correct answer is option 'C'. Can you explain this answer?
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