Multiple Choice Questions on Which among the following banks has acquired 29 stake in Max Life Insurance to become 30 shareholder........... for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

Which among the following banks has acquired 29 stake in Max Life Insurance to become 30 shareholder...........

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    Which among the following banks has acquired 29% stake in Max Life Insurance to become 30% shareholder of the company ?

    HDFC Bank

    Incorrect Answer

    Axis Bank

    Correct Answer

    ICICI Bank

    Incorrect Answer

    SBI

    Incorrect Answer
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    Explanation:
    • Axis Bank has announced that it will acquire an additional 29% stake (for Rs. 1,600 crore) in Max Life Insurance. With this, the total stake of Axis Bank in Max Life Insurance will become 30%. The remaining 70% stake will be with Max Financial Services.

    By: Rohit Middha
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