Max Financial Services Limited acquired 5.17% stake in Max Life Insurance Company Limited from Mitsui Sumitomo Insurance Co., Ltd.
December 07, 2022
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Max Financial Services Limited (NSEI:MFSL) agreed to acquire an additional 5.17% stake in Max Life Insurance Company Limited from Mitsui Sumitomo Insurance Co., Ltd. for INR 8.4 billion on November 25, 2022. As per the terms, the offer price per share is INR 85. The transaction has been approved by the IRDAI and is expected to close by December 13, 2022.
Max Financial Services Limited (NSEI:MFSL) completed the acquisition of 5.17% stake in Max Life Insurance Company Limited from Mitsui Sumitomo Insurance Co., Ltd. on December 8, 2022. Post completion, Max Financial Services Limited owns 87% stake in Max Life Insurance Company Limited.
Max Financial Services Limited is an India-based company, which operates as a holding company for Max Life Insurance Company Limited. The Company is engaged in the business of investments and providing management advisory services. The Companyâs segments include Life Insurance and Business Investments. The Companyâs investor base includes global financial institutions such as KKR, Baron, Ward ferry, New York Life, Vanguard, Blackrock, Jupiter, Norges, Neuberger Burman, Eastspring and Dimension.
MAX FINANCIAL SERVICES LIMITED 
