Max Financial Serv.
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Aug 13 (Reuters) - Max Financial Services Ltd MAXI.NS:
JUNE-QUARTER CONSOL NET PROFIT 955.6 MILLION RUPEES
JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 149.7 BILLION RUPEES
Source text: [ID:]
Further company coverage: MAXI.NS
(([email protected];))
Aug 13 (Reuters) - Max Financial Services Ltd MAXI.NS:
JUNE-QUARTER CONSOL NET PROFIT 955.6 MILLION RUPEES
JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 149.7 BILLION RUPEES
Source text: [ID:]
Further company coverage: MAXI.NS
(([email protected];))
May 12 (Reuters) - Max Financial Services Ltd MAXI.NS:
MAX FINANCIAL SERVICES LTD MARCH-QUARTER CONSOL NET LOSS 263.5 MILLION RUPEES
MAX FINANCIAL SERVICES MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 108.02 BILLION RUPEES
Source text: ID:nBSErrJ0
Further company coverage: MAXI.NS
(([email protected];;))
May 12 (Reuters) - Max Financial Services Ltd MAXI.NS:
MAX FINANCIAL SERVICES LTD MARCH-QUARTER CONSOL NET LOSS 263.5 MILLION RUPEES
MAX FINANCIAL SERVICES MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 108.02 BILLION RUPEES
Source text: ID:nBSErrJ0
Further company coverage: MAXI.NS
(([email protected];;))
March 12 (Reuters) - Max Financial Services Ltd MAXI.NS:
APPROVES FUND RAISING VIA EQUITY SHARES UP TO 20 BILLION RUPEES
RAISING OF FUNDS VIA QIP OR ANY OTHER METHOD
Source text: ID:nBSE5XqygQ
Further company coverage: MAXI.NS
(([email protected];;))
March 12 (Reuters) - Max Financial Services Ltd MAXI.NS:
APPROVES FUND RAISING VIA EQUITY SHARES UP TO 20 BILLION RUPEES
RAISING OF FUNDS VIA QIP OR ANY OTHER METHOD
Source text: ID:nBSE5XqygQ
Further company coverage: MAXI.NS
(([email protected];;))
March 6 (Reuters) - Axis Bank Ltd AXBK.NS:
AXIS ENTITIES PROVIDED IN-PRINCIPLE NO OBJECTION TO MERGER OF MAX FINANCIAL, AMLI
Source text: ID:nBSE5GfmX6
Further company coverage: AXBK.NS
(([email protected];;))
March 6 (Reuters) - Axis Bank Ltd AXBK.NS:
AXIS ENTITIES PROVIDED IN-PRINCIPLE NO OBJECTION TO MERGER OF MAX FINANCIAL, AMLI
Source text: ID:nBSE5GfmX6
Further company coverage: AXBK.NS
(([email protected];;))
Feb 11 (Reuters) - Max Financial Services Ltd MAXI.NS:
DEC-QUARTER CONSOL NET PROFIT 365.6 MILLION RUPEES
DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 142.59 BILLION RUPEES
Source text: ID:nBSE3X9DXZ
Further company coverage: MAXI.NS
(([email protected];))
Feb 11 (Reuters) - Max Financial Services Ltd MAXI.NS:
DEC-QUARTER CONSOL NET PROFIT 365.6 MILLION RUPEES
DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 142.59 BILLION RUPEES
Source text: ID:nBSE3X9DXZ
Further company coverage: MAXI.NS
(([email protected];))
MUMBAI, Sept 22 (Reuters) - India's Axis Max Life Insurance accepted bids worth 8 billion rupees ($90.60 million) for subordinated bonds maturing in 10 years, three bankers said on Monday.
It will pay a coupon of 7.95% and had invited commitment bids for the issue earlier in the day, they said.
The issue will have a call option at the end of the fifth year.
The insurance company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Axis Max Life | 10 years | 7.95% | 8 | September 22 | AA+ (Care, Icra) |
NABARD | 3 years, 3 months and 25 days | To be decided | 20+50 | September 24 | AAA (India Rating, Icra) |
Numaligarh Refinery | 10 years | 7.34 | 25 | September 22 | AAA (Crisil, India Ratings) |
Aditya Birla Capital | 2 year and 6 month | 146 bps over 3-month OIS | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital | 5 years | 7.52 | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital | 2 year and 5 months | To be decided | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital Sep 2028 reissue | 3 years | To be decided | 5 | September 23 | AAA (Crisil) |
Roha Dye Chem | 5 years | 14 (yield) | 4 | To be decided | NA |
PFC | 2 year and 20 days | To be decided | 6+29 | September 23 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 88.2970 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, Sept 22 (Reuters) - India's Axis Max Life Insurance accepted bids worth 8 billion rupees ($90.60 million) for subordinated bonds maturing in 10 years, three bankers said on Monday.
It will pay a coupon of 7.95% and had invited commitment bids for the issue earlier in the day, they said.
The issue will have a call option at the end of the fifth year.
The insurance company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Axis Max Life | 10 years | 7.95% | 8 | September 22 | AA+ (Care, Icra) |
NABARD | 3 years, 3 months and 25 days | To be decided | 20+50 | September 24 | AAA (India Rating, Icra) |
Numaligarh Refinery | 10 years | 7.34 | 25 | September 22 | AAA (Crisil, India Ratings) |
Aditya Birla Capital | 2 year and 6 month | 146 bps over 3-month OIS | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital | 5 years | 7.52 | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital | 2 year and 5 months | To be decided | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital Sep 2028 reissue | 3 years | To be decided | 5 | September 23 | AAA (Crisil) |
Roha Dye Chem | 5 years | 14 (yield) | 4 | To be decided | NA |
PFC | 2 year and 20 days | To be decided | 6+29 | September 23 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 88.2970 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, Sept 19 (Reuters) - India's Axis Max Life Insurance plans to raise 8 billion rupees ($90.79 million) through the sale of subordinated bonds maturing in 10 years, three bankers said on Friday.
The insurer has invited coupon and commitment bids from bankers and investors for the issue on Monday, they said.
The issue will have a call option at the end of the fifth year.
The insurance company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 19
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Axis Max Life Insurance | 10 years | To be decided | 8 | September 22 | AA+ (Care, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 88.1138 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
MUMBAI, Sept 19 (Reuters) - India's Axis Max Life Insurance plans to raise 8 billion rupees ($90.79 million) through the sale of subordinated bonds maturing in 10 years, three bankers said on Friday.
The insurer has invited coupon and commitment bids from bankers and investors for the issue on Monday, they said.
The issue will have a call option at the end of the fifth year.
The insurance company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 19
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Axis Max Life Insurance | 10 years | To be decided | 8 | September 22 | AA+ (Care, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 88.1138 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
Sept 5 (Reuters) - Max Financial Services Ltd MAXI.NS:
MAX FINANCIAL SERVICES - TAX CUT IMPACT ON AXIS MAX LIFE EXPECTED TO BE LESS THAN 1%
MAX FINANCIAL SERVICES - CHANGE EXPECTED TO IMPROVE AFFORDABILITY
Source text: ID:nBSE74YGm6
Further company coverage: MAXI.NS
(([email protected];))
Sept 5 (Reuters) - Max Financial Services Ltd MAXI.NS:
MAX FINANCIAL SERVICES - TAX CUT IMPACT ON AXIS MAX LIFE EXPECTED TO BE LESS THAN 1%
MAX FINANCIAL SERVICES - CHANGE EXPECTED TO IMPROVE AFFORDABILITY
Source text: ID:nBSE74YGm6
Further company coverage: MAXI.NS
(([email protected];))
Adds details, background from paragraph 2 onwards
July 2 (Reuters) - India's Max Financial Services MAXI.NS said on Wednesday that its unit, Axis Max Life Insurance, received communication about unauthorized access to some customer data from an anonymous sender.
The company has initiated a security assessment and data log analysis, Max Financial said.
"A detailed investigation is also underway in consultation with information security experts to assess the root cause of the incident and take remedial action, as necessary" the company said in a statement.
Axis Max Life Insurance is a joint venture between private lender Axis Bank AXBK.NS and Max Financial.
Indian firms such as Angel One ANGO.NS, Niva Bupa Health Insurance NIVA.NS and Star Health STAU.NS and HDFC Life Insurance HDFL.NS have reported high-profile security breaches in the past 10 months.
The incidents prompted the country's insurance regulator to direct industry-wide audits of IT systems.
Cyber fraud cases in India jumped more than four times in fiscal 2024, causing losses of $20 million, Reuters reported earlier this year.
Internal government data as of April 2024 showed that individuals lost nearly $1.26 billion to cyber fraud at financial institutions since 2021.
(Reporting by Manvi Pant; Editing by Shreya Biswas and Tasim Zahid)
(([email protected]; +918447554364;))
Adds details, background from paragraph 2 onwards
July 2 (Reuters) - India's Max Financial Services MAXI.NS said on Wednesday that its unit, Axis Max Life Insurance, received communication about unauthorized access to some customer data from an anonymous sender.
The company has initiated a security assessment and data log analysis, Max Financial said.
"A detailed investigation is also underway in consultation with information security experts to assess the root cause of the incident and take remedial action, as necessary" the company said in a statement.
Axis Max Life Insurance is a joint venture between private lender Axis Bank AXBK.NS and Max Financial.
Indian firms such as Angel One ANGO.NS, Niva Bupa Health Insurance NIVA.NS and Star Health STAU.NS and HDFC Life Insurance HDFL.NS have reported high-profile security breaches in the past 10 months.
The incidents prompted the country's insurance regulator to direct industry-wide audits of IT systems.
Cyber fraud cases in India jumped more than four times in fiscal 2024, causing losses of $20 million, Reuters reported earlier this year.
Internal government data as of April 2024 showed that individuals lost nearly $1.26 billion to cyber fraud at financial institutions since 2021.
(Reporting by Manvi Pant; Editing by Shreya Biswas and Tasim Zahid)
(([email protected]; +918447554364;))
June 10 (Reuters) - Max Financial Services Ltd MAXI.NS:
MAX FINANCIAL SERVICES - ELEVATION OF SUMIT MADAN TO MD & CHIEF EXECUTIVE OFFICER OF AXIS MAX LIFE
Source text: ID:nBSE2VQDsN
Further company coverage: MAXI.NS
(([email protected];;))
June 10 (Reuters) - Max Financial Services Ltd MAXI.NS:
MAX FINANCIAL SERVICES - ELEVATION OF SUMIT MADAN TO MD & CHIEF EXECUTIVE OFFICER OF AXIS MAX LIFE
Source text: ID:nBSE2VQDsN
Further company coverage: MAXI.NS
(([email protected];;))
April 15 (Reuters) - Max Financial Services Ltd MAXI.NS:
NISHANT KUMAR GEHLAWAT APPOINTED AS CFO EFFECTIVE MAY 1
AMRIT PAL SINGH CEASES AS CFO
Source text: ID:nBSE681n3q
Further company coverage: MAXI.NS
(([email protected];))
April 15 (Reuters) - Max Financial Services Ltd MAXI.NS:
NISHANT KUMAR GEHLAWAT APPOINTED AS CFO EFFECTIVE MAY 1
AMRIT PAL SINGH CEASES AS CFO
Source text: ID:nBSE681n3q
Further company coverage: MAXI.NS
(([email protected];))
MUMBAI, Feb 17 (Reuters) - India's Axis Max Life Insurance has accepted bids worth 5 billion rupees ($57.62 million) for subordinated bonds maturing in 10 years, three bankers said on Monday.
The insurer will pay an annual coupon of 8.34% on this issue and had invited bids from bankers and investors earlier in the day, they said.
The issue will have a call option at end of fifth year.
The insurance company did not immediately reply to a Reuters email.
Here is the list of deals reported so far on February 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Axis Max Life Insurance | 10 years | 8.34 | 5 | Feb. 17 | AA+ (Care) |
Tata Steel | 5 years | 7.65 | 30 | Feb. 21 | AAA (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 86.7680 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
MUMBAI, Feb 17 (Reuters) - India's Axis Max Life Insurance has accepted bids worth 5 billion rupees ($57.62 million) for subordinated bonds maturing in 10 years, three bankers said on Monday.
The insurer will pay an annual coupon of 8.34% on this issue and had invited bids from bankers and investors earlier in the day, they said.
The issue will have a call option at end of fifth year.
The insurance company did not immediately reply to a Reuters email.
Here is the list of deals reported so far on February 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Axis Max Life Insurance | 10 years | 8.34 | 5 | Feb. 17 | AA+ (Care) |
Tata Steel | 5 years | 7.65 | 30 | Feb. 21 | AAA (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 86.7680 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
MUMBAI, Feb 13 (Reuters) - India's Axis Max Life Insurance plans to raise 5 billion rupees ($57.6 million) through the sale of subordinated bonds maturing in 10 years, three bankers said on Thursday.
The insurer will invite bids from bankers and investors for the issue in the upcoming week, they said.
The issue will have a call option at end of fifth year.
The insurance company did not immediately reply to a Reuters email.
Here is the list of deals reported so far on February 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Axis Max Life Insurance | 10 years | To be decided | 5 | To be decided | AA+ (Care) |
Bank of Maharashtra | 10 years | To be decided | 5+25 | Feb. 17 | AA+ (Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.8560 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Savio D'Souza)
MUMBAI, Feb 13 (Reuters) - India's Axis Max Life Insurance plans to raise 5 billion rupees ($57.6 million) through the sale of subordinated bonds maturing in 10 years, three bankers said on Thursday.
The insurer will invite bids from bankers and investors for the issue in the upcoming week, they said.
The issue will have a call option at end of fifth year.
The insurance company did not immediately reply to a Reuters email.
Here is the list of deals reported so far on February 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Axis Max Life Insurance | 10 years | To be decided | 5 | To be decided | AA+ (Care) |
Bank of Maharashtra | 10 years | To be decided | 5+25 | Feb. 17 | AA+ (Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.8560 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Savio D'Souza)
Feb 4 (Reuters) - Max Financial Services Ltd MAXI.NS:
MAX FINANCIAL SERVICES - APPROVED LISTING ROADMAP WHICH ENVISAGES LISTING OF AXIS MAX LIFE THROUGH MERGER OF MFSL INTO AXIS MAX LIFE
MAX FINANCIAL SERVICES - WILL INITIATE PROCESS FOR LISTING OF AXIS MAX LIFE ON CLARITY ON APPLICABLE LAW ALLOWING SUCH MERGER
Source text: ID:nBSE2KGgcZ
Further company coverage: MAXI.NS
(([email protected];))
Feb 4 (Reuters) - Max Financial Services Ltd MAXI.NS:
MAX FINANCIAL SERVICES - APPROVED LISTING ROADMAP WHICH ENVISAGES LISTING OF AXIS MAX LIFE THROUGH MERGER OF MFSL INTO AXIS MAX LIFE
MAX FINANCIAL SERVICES - WILL INITIATE PROCESS FOR LISTING OF AXIS MAX LIFE ON CLARITY ON APPLICABLE LAW ALLOWING SUCH MERGER
Source text: ID:nBSE2KGgcZ
Further company coverage: MAXI.NS
(([email protected];))
Nov 28 (Reuters) - Max Financial Services Ltd MAXI.NS:
MAX LIFE INSURANCE HAS NOT RECEIVED ANY IRDAI DIRECTIVE ON BANCASSURANCE CAPPING
Source text: ID:nBSE3RBSTz
Further company coverage: MAXI.NS
(([email protected];))
Nov 28 (Reuters) - Max Financial Services Ltd MAXI.NS:
MAX LIFE INSURANCE HAS NOT RECEIVED ANY IRDAI DIRECTIVE ON BANCASSURANCE CAPPING
Source text: ID:nBSE3RBSTz
Further company coverage: MAXI.NS
(([email protected];))
BENGALURU, June 19 (Reuters) - India's Axis Bank AXBK.NS acquired additional equity shares of Max Life Insurance Company, a unit of Max Financial Services MAXI.NS, for 3.36 billion rupees ($4.32 million), the private lender said on Wednesday.
The bank's board of directors approved the proposal to acquire Max Life shares, raising Axis entities' total holding in the insurance firm to 19.99% from 19.02%.
Axis entities include the bank as well as investment solutions provider Axis Securities and financial services provider Axis Capital.
Shares of the bank, India's fifth largest by market capitalisation, jumped as much as 2.2% after the news. The stock was among the top gainers on the Nifty 50 index .NSEI.
Axis entities' had raised their holding in Max Life to 19.02% from 12.99% earlier in April, originally acquiring a stake in the company in 2020.
Max Financial Services, Max Life Insurance's holding company, engages in investment business and provides management advisory services.
($1 = 83.4125 Indian rupees)
(Reporting by Dimpal Gulwani; Editing by Janane Venkatraman )
(([email protected];))
BENGALURU, June 19 (Reuters) - India's Axis Bank AXBK.NS acquired additional equity shares of Max Life Insurance Company, a unit of Max Financial Services MAXI.NS, for 3.36 billion rupees ($4.32 million), the private lender said on Wednesday.
The bank's board of directors approved the proposal to acquire Max Life shares, raising Axis entities' total holding in the insurance firm to 19.99% from 19.02%.
Axis entities include the bank as well as investment solutions provider Axis Securities and financial services provider Axis Capital.
Shares of the bank, India's fifth largest by market capitalisation, jumped as much as 2.2% after the news. The stock was among the top gainers on the Nifty 50 index .NSEI.
Axis entities' had raised their holding in Max Life to 19.02% from 12.99% earlier in April, originally acquiring a stake in the company in 2020.
Max Financial Services, Max Life Insurance's holding company, engages in investment business and provides management advisory services.
($1 = 83.4125 Indian rupees)
(Reporting by Dimpal Gulwani; Editing by Janane Venkatraman )
(([email protected];))
Feb 6 (Reuters) - Axis Bank Ltd AXBK.NS:
MAX FINANCIAL SERVICES LTD - IRDAI HAS APPROVED CAPITAL INFUSION BY AXIS BANK INTO MAX LIFE
MAX FINANCIAL SERVICES LTD - IRDAI APPROVAL FOR CAPITAL INFUSION OF 16.12 BILLION RUPEES BY AXIS BANK INTO MAX LIFE INSURANCE
Source text for Eikon: ID:nBSE4hVYwF
Further company coverage: AXBK.NS
(([email protected];;))
Feb 6 (Reuters) - Axis Bank Ltd AXBK.NS:
MAX FINANCIAL SERVICES LTD - IRDAI HAS APPROVED CAPITAL INFUSION BY AXIS BANK INTO MAX LIFE
MAX FINANCIAL SERVICES LTD - IRDAI APPROVAL FOR CAPITAL INFUSION OF 16.12 BILLION RUPEES BY AXIS BANK INTO MAX LIFE INSURANCE
Source text for Eikon: ID:nBSE4hVYwF
Further company coverage: AXBK.NS
(([email protected];;))
Sept 6 (Reuters) - Axis Bank Ltd AXBK.NS:
INDIA AXIS BANK EXEC: FOCUS ON GROWING CASA DEPOSITS CURRENTLY
INDIA AXIS BANK EXEC: SPECULATIVE TO SAY REGULATORS HAVE CONCERN ON AXIS BANK-MAX LIFE DEAL
INDIA AXIS BANK EXEC: HAVE NOT GONE TO REGULATORS WITH ANY FRESH APPLICATION REGARDING DEAL WITH MAX LIFE
AXIS BANK EXEC: HAVE RECEIVED PERMISSION FROM RBI TO INFUSE CAPITAL IN SOME OF BANK’S SUBSIDIARIES
Source text for Eikon: [ID:]
Further company coverage: AXBK.NS
(([email protected];))
Sept 6 (Reuters) - Axis Bank Ltd AXBK.NS:
INDIA AXIS BANK EXEC: FOCUS ON GROWING CASA DEPOSITS CURRENTLY
INDIA AXIS BANK EXEC: SPECULATIVE TO SAY REGULATORS HAVE CONCERN ON AXIS BANK-MAX LIFE DEAL
INDIA AXIS BANK EXEC: HAVE NOT GONE TO REGULATORS WITH ANY FRESH APPLICATION REGARDING DEAL WITH MAX LIFE
AXIS BANK EXEC: HAVE RECEIVED PERMISSION FROM RBI TO INFUSE CAPITAL IN SOME OF BANK’S SUBSIDIARIES
Source text for Eikon: [ID:]
Further company coverage: AXBK.NS
(([email protected];))
Aug 31 (Reuters) -
SEBI IN ADVANCED STAGE OF INVESTIGATION IN AXIS-MAX DEAL- CNBC-TV 18
Source text : [https://bit.ly/3sDqlLu]
Further company coverage: AXBK.NS
(([email protected];))
Aug 31 (Reuters) -
SEBI IN ADVANCED STAGE OF INVESTIGATION IN AXIS-MAX DEAL- CNBC-TV 18
Source text : [https://bit.ly/3sDqlLu]
Further company coverage: AXBK.NS
(([email protected];))
BENGALURU, Aug 9 (Reuters) - Axis Bank AXBK.NS on Wednesday said it will infuse 16.12 billion rupees ($194.58 million) in Max Life through preferential allotment of shares, increasing stake in the insurer to 16.22%.
($1 = 82.8460 Indian rupees)
(Reporting by Sethuraman NR in Bengaluru; Editing by Sohini Goswami)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
BENGALURU, Aug 9 (Reuters) - Axis Bank AXBK.NS on Wednesday said it will infuse 16.12 billion rupees ($194.58 million) in Max Life through preferential allotment of shares, increasing stake in the insurer to 16.22%.
($1 = 82.8460 Indian rupees)
(Reporting by Sethuraman NR in Bengaluru; Editing by Sohini Goswami)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
May 12 (Reuters) - Max Financial Services Ltd MAXI.NS:
MARCH-QUARTER CONSOL NET PROFIT 458.9 MILLION RUPEES VERSUS 1.18 BILLION RUPEES
MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 99.29 BILLION RUPEES VERSUS 89.60 BILLION RUPEES
Source text for Eikon: ID:nBSE4lL5Kj
Further company coverage: MAXI.NS
(([email protected];))
May 12 (Reuters) - Max Financial Services Ltd MAXI.NS:
MARCH-QUARTER CONSOL NET PROFIT 458.9 MILLION RUPEES VERSUS 1.18 BILLION RUPEES
MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 99.29 BILLION RUPEES VERSUS 89.60 BILLION RUPEES
Source text for Eikon: ID:nBSE4lL5Kj
Further company coverage: MAXI.NS
(([email protected];))
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Popular questions
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What does Max Financial Serv. do?
Max Financial Services holds a stake in Max Life, India's leading private life insurance company, in collaboration with Mitsui Sumitomo Insurance.
Who are the competitors of Max Financial Serv.?
Max Financial Serv. major competitors are General Ins. Corpn., ICICI PrudentialLife, Star Health & Allied, New India Assurance, ICICI Lombard Gen., Aditya Birla Capital, HDFC Life Insurance. Market Cap of Max Financial Serv. is ₹54,682 Crs. While the median market cap of its peers are ₹72,831 Crs.
Is Max Financial Serv. financially stable compared to its competitors?
Max Financial Serv. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Max Financial Serv. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Max Financial Serv. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Max Financial Serv. allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Max Financial Serv. balance sheet?
Max Financial Serv. balance sheet is weak and might have solvency issues
Is the profitablity of Max Financial Serv. improving?
The profit is oscillating. The profit of Max Financial Serv. is ₹137 Crs for TTM, ₹83.99 Crs for Mar 2026 and ₹327 Crs for Mar 2025.
Is the debt of Max Financial Serv. increasing or decreasing?
The net debt of Max Financial Serv. is decreasing. Latest net debt of Max Financial Serv. is -₹2,861.16 Crs as of Mar-26. This is less than Mar-25 when it was -₹1,858.58 Crs.
Is Max Financial Serv. stock expensive?
Yes, Max Financial Serv. is expensive. Latest PE of Max Financial Serv. is 497, while 3 year average PE is 206. Also latest EV/EBITDA of Max Financial Serv. is 208 while 3yr average is 98.52.
Has the share price of Max Financial Serv. grown faster than its competition?
Max Financial Serv. has given better returns compared to its competitors. Max Financial Serv. has grown at ~18.09% over the last 4yrs while peers have grown at a median rate of 8.84%
Is the promoter bullish about Max Financial Serv.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Max Financial Serv. is 1.25% and last quarter promoter holding is 1.25%.
Are mutual funds buying/selling Max Financial Serv.?
The mutual fund holding of Max Financial Serv. is decreasing. The current mutual fund holding in Max Financial Serv. is 36.76% while previous quarter holding is 36.99%.