Max Financial Services Limited
SBI Life Insurance increased its stake in Max Financial Services Limited from 1.85% to 2.03% by adding 625,000 shares. The additional shares are valued at ₹98.05 Cr, based on Max Financial Services'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.
Joint venture between State Bank of India and BNP Paribas Cardif. Manages over Rs 4.7 lakh crore in total AUM with the flagship SBI Life Equity Fund alone holding over Rs 77,000 crore. One of India's largest private life insurers by AUM, with a multi-cap equity book deployed across ULIP and participating funds.