Max Financial Services Limited (MFSL) … swapped its 21.87% stake in Max Life Insurance Company Limited (Max Life) with 20.57% stake of Mitsui Sumitomo Insurance Company, the company said.

— Mint

AZB & Partners advised Max Life Insurance Company Limited and Max Financial Services Limited and their promoter Analjit Singh and Max Ventures Investments Holdings Private Limited, led by a team of partners Anil Kasturi, Niladri Maulik and Anisha Shridhar and senior associate Anupam Misra.

Note: This deal will not be classified as an M&A transaction for the purposes of our league table since it involves transfers of stakes of less than 25% and no change of control.

2020-12-09

Deal value: Approx INR 42.6 Billion/ USD 584 Million

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