Max New York Life to infuse Rs 200 cr capital in two months

Private insurer Max New York Life said it plans a capital investment of around Rs 200 crore by March this year to meet growth plan. Depending on growth, we do expect capital infusion around Rs 150-200 crore during this quarter, Max New York Life Insurance CEO and Managing Director Rajesh Sud said at the launch of its child nurture progamme I-Genius. During the current fiscal the company has made small capital investment about Rs 2 crore, he said, adding that the paid-up capital stands at Rs 1,784 crore. Asked about the business outlook, Sud said that it is picking up ...

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