HDFC Life Insurance decreased its stake in Max Financial Services from 2.11% to 1.95% by selling 536,470 shares. The value of the sold shares is ₹84.28 Cr at a price of ₹1569.80 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.
HDFC Life Insurance Company Limited, institutional investor in Indian equities
