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Max India News

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"Max Financial Services (MFS), Max India and Max Life today confirmed that the proposed merger with HDFC Life has been called off. The exclusivity agreement with HDFC Life, valid till July 31, 2017, will not be renewed," Max India said in a BSE filing.
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Max India on Thursday said Max Life and HDFC Life remain committed to merger and are evaluating various options after the insurance regulator Irdai again expressed reservations on the deal.
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New Delhi: Global healthcare group Bupa has completed the transaction to pick up another 23 percent stake in its Indian joint venture Max Bupa for Rs 206.54 crore.
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Max India Thursday said embedded value (EV) for its life insurance business, Max Life, was at Rs 5,363 crore as of September 30.
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Max India Thursday said it has received shareholders' approval for corporate restructuring plan for the demerger of the company.
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UK-based healthcare group Bupa will increase its stake in Max Bupa from 26 percent to 49 percent, said the company Friday a day after Parliament approved the law to hike foreign investment cap in the insurance sector.
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The company's board also approved divestment of its clinical research business.
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Diversified business group Max India today said it is considering a proposal for corporate restructuring.






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