Axis Bank jumps on getting CCI`s nod to subscribe to 14.26 crore shares of Max Life Insurance
Axis Bank is currently trading at Rs. 1063.55, up by 15.95 points or 1.52% from its previous closing of Rs. 1047.60 on the BSE.
The scrip opened at Rs. 1042.45 and has touched a high and low of Rs. 1070.00 and Rs. 1042.45 respectively. So far 150875 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1151.50 on 05-Dec-2023 and a 52 week low of Rs. 844.05 on 10-Apr-2023.
Last one week high and low of the scrip stood at Rs. 1070.00 and Rs. 1040.30 respectively. The current market cap of the company is Rs. 328874.07 crore.
The promoters holding in the company stood at 8.20%, while Institutions and Non-Institutions held 83.51% and 8.29% respectively.
Axis Bank has received an approval from the Competition Commission of India (CCI) for the subscription to 14,25,79,161 equity shares of Max Life Insurance Company. Max Life Insurance is engaged in the business of providing life insurance and annuity products and investment plans in India.
Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
