Which bank is to acquire 17% instead of 29% in Max Life Insurance? – InterviewSolution

InterviewSolution

1.	Which bank is to acquire 17% instead of 29% in Max Life Insurance?
Answer» 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.

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