• Seek to draw parallels between the merger application of Shriram LI Holdings and Shriram Life Insurance Company with Max Financial and Max Life
• NCLT is of the opinion that a holding company can get merged into its subsidiary life insurance company
• Shriram merger is yet to be approved by IRDAI
• If Shriram merger gets concluded, then it sets a precedent for Max Financial to get merged into Max Life Insurance and thus simplify the structure
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