“There was a blatant fraud in Max Life Insurance and Max Financial Services allowing their shareholder Axis Bank and its group companies Axis Securities and Axis Capital to make undue profits or gains from the purchase and sale of equity shares of Max Life in non-transparent manner thereby, violating the mandatory directions of the Insurance Regulatory and Development Authority of India,”
Wasn’t this transaction approved by regulatory authorities and we’re missing something here?
Disc: Looking to hold Axis bank for long term
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