Max Financial Services announced that Insurance Regulatory and Development Authority of India IRDAI vide its letter dated 25 November 2022 accorded its approval to the Company for acquisition of residual 517Percentage stake held by Mitsui Sumitomo Company MSI in Max Life @ Rs 85 per share On acquisition of the aforesaid 517Percentage stake in Max Life the shareholding held by the Company in Max Life would stand increased to 87Percentage
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