Private sector lender Axis Bank said it is in talks with Max New York Life to acquire up to five per cent stake in the latter. We are in talks with Max New York Life to pick up a less than five per cent stake. We are working on the valuation and the result of the talks will be known soon, Axis Bank Executive Director and CFO S Sengupta said. The bank has tied up with Max New York Life to distribute the latter s life insurance products beginning April 1 after ending its relationship with MetLife. Our distribution tie-up will ...

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