Axis Bank’s $210 Million Acquisition of Shares in Max Life Insurance

Cyril Amarchand Mangaldas advised Axis Bank Limited on the deal.

As reported in Legally India and in others online publications Axis Bank completed the acquisition of an additional 29% stake in Max Life Insurance for an estimated price of Rs 1,592 crore.

Axis Bank Limited provides a full range of banking services, its activities include retail banking, investment management, merchant banking, treasury and NRI services, cash and credit management services, and ATM facilities.

The Cyril Amarchand Mangaldas team consisted of partner Yash Ashar (Picture), and partner Indranath Bishnu, partner Gokul Rajan, partner Anshuman Sakle, head of tax director Daksha Baxi, partner Mekhla Anand, director Kunal Savani, principal associate Pranjita Barman, principal associate Soumyadipta Chanda, principal associate designate Aashima Johur, principal associate Kaustav Kundu, principal associate Soumyadipta Chanda and senior associate Shiladitya Dash.

Involved fees earner: Yash Ashar – Amarchand & Mangaldas & Suresh A Shroff & Co; Mekhla Anand – Cyril Amarchand Mangaldas; Pranjita Barman – Cyril Amarchand Mangaldas; Daksha Baxi – Cyril Amarchand Mangaldas; Indranath Bishnu – Cyril Amarchand Mangaldas; Soumyadipta Chanda – Cyril Amarchand Mangaldas; Shiladitya Dash – Cyril Amarchand Mangaldas; Aashima Johur – Cyril Amarchand Mangaldas; Kaustav Kundu – Cyril Amarchand Mangaldas; Gokul Rajan – Cyril Amarchand Mangaldas; Anshuman Sakle – Cyril Amarchand Mangaldas; Kunal Savani – Cyril Amarchand Mangaldas;

Law Firms: Amarchand & Mangaldas & Suresh A Shroff & Co; Cyril Amarchand Mangaldas;

Clients: Axis Bank;

Author: Michael Patrini