Yes, Here I’m to share news about Max Financial Services who raise Five thousand hundred crores for life insurance
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| images of life insurance and the pic of life insurance |
Max Financial board considered raising of funds by way of debt for the purpose of making investments in its subsidiary Max Life Insurance Company Ltd (Max Life) to enable it to drive growth through acquisition opportunities, Max Financial Services said in a regulatory filing.Max Financial Services today approved raising of Five thousand crore in one or more a portion of something to fuel the growth of its subsidiary Max Life Insurance.
The decision was taken at the company's board of directors meeting which is held today.
The board considered raising of funds by way of debt for
The goal or you can reason behind of making investments in its subsidiary Max Life Insurance Company Ltd (Max Life)
Why Investment?
To enable it to drive growth through acquisition opportunities,
Max Financial Services said in a regulatory filing.
The board approved availing of borrowing in one or more a portion of something "for an amount aggregating up to Rs 5,000 crore", the filing said.
The fund raising is subject to approval from shareholders and other regulatory requirements.
Now, Stock of the company
closed 1.80 per cent up at Rs 433.65 on the BSE.
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