Axis Bank stake in Max Life likely to rise to 20 per cent in 12-18 months

"Axis Bank is to increase to 19.99 per cent in tranches. Thirteen per cent is already done over the next two quarters, we will seek approval for the balance seven per cent. So, it will reach about 20 per cent and that will be the ownership of Axis Bank," Tripathy told.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/axis-bank-stake-in-max-life-likely-to-rise-to-20-per-cent-in-12-18-months/articleshow/83480141.cms