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Max Financial Services Limited (MFSL) has swapped its how much per cent stake in Max Life Insurance Company Limited (Max Life)?

Max Financial Services Limited (MFSL) has swapped its how much per cent stake in Max Life Insurance Company Limited (Max Life)? Correct Answer 21.87

The correct answer is 21.87%.

  • Max Financial Services Limited (MFSL) has swapped its 21.87% stake in Max Life Insurance Company Limited (Max Life) with 20.57% stake of Mitsui Sumitomo Insurance Company.
  • MFSL has allotted 7,54,58,088 equity shares of Rs. 2/- each constituting 21.87% of the paid-up share capital to MSI, on a preferential allotment basis.
  • The paid-up equity share capital of MFSL has increased to ₹69 crores.

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