American Funds (Capital Group) raised its stake in Max Financial Services Limited from 2.96% to 3.00%, purchasing 1,68,404 shares for approximately ₹22.06 Cr at ₹1309.70 apiece.
A leading investment and advisory services company that owns and actively manages a majority stake in Max Life Insurance, one of India's largest non-bank life insurers and fourth largest private life insurance operator. The company provides management advisory services to group entities and nurtures business investments across the Max Group conglomerate, playing a pivotal role in India's insurance sector.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.
