The Competition Commission of India (CCI) yesterday approved Axis Bank’s proposed acquisition of a stake in Max Life Insurance.
In a post on X, CCI wrote, “Competition Commission of India approves the subscription to 14,25,79,161 equity shares of Max Life Insurance Company Ltd by Axis Bank Ltd.”
Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
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