American Funds (Capital Group) increased its stake in Max Financial Services from 2.52% to 2.96%, buying 15,06,233 shares. The shares were worth approximately ₹236.45 Cr based on the company's share price of ₹1569.80.
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.
