Corporate News     17-Jun-16
Outcome of board meeting of Max Financial Services
Held on 17 June 2016
Max Financial Services announced that the Board of Directors of the Company at its meeting held on 17 June 2016, approved entering into a confidentiality, exclusivity and standstill agreement to evaluate a potential combination through a merger of Max Life Insurance Company and Max Financial Services into HDFC Standard Life Insurance Company by way of a scheme of arrangement. The agreement provides for a mutually agreed exclusivity period for due diligence and discussions between the parties in relation to the proposed transaction.

The proposed arrangements would be subject to due diligence, definitive documentation and applicable board, shareholder, regulatory, respective High Courts / NCLT, and other third party approvals, as may be applicable.

Previous News
  HDFC Life gets Rs 2,088-cr tax demand; plans rectification order
 ( Hot Pursuit - 28-Jun-24   14:40 )
  Max Financial Services to table results
 ( Corporate News - 26-Jun-24   17:38 )
  HDFC Life jumps on welcoming IRDAI's life insurance reforms
 ( Hot Pursuit - 13-Jun-24   15:16 )
  HDFC Life welcomes reforms outlined in the Master Circular on Life Insurance products
 ( Corporate News - 13-Jun-24   09:17 )
  HDFC Life Insurance Company Ltd spurts 1.22%, rises for fifth straight session
 ( Hot Pursuit - 11-Jun-24   13:00 )
  HDFC Life Insurance Company Ltd gains for third straight session
 ( Hot Pursuit - 07-Jun-24   13:05 )
  Max Financial Services grants 5.99 lakh stock options under ESOP
 ( Corporate News - 21-May-24   10:39 )
  HDFC Life declares bonus worth Rs 3722 crore to policyholders
 ( Insurance - 15-May-24   18:29 )
  Max Financial Services
 ( Results - Analysis 08-May-24   08:19 )
  HDFC Life Insurance Company Ltd drops for fifth straight session
 ( Hot Pursuit - 08-May-24   13:35 )
  Max Financial Services reports consolidated net loss of Rs 44.05 crore in the March 2024 quarter
 ( Results - Announcements 08-May-24   07:29 )
Other Stories
  Rajapalayam Mills to convene AGM
  29-Jun-24   17:13
  Board of Essen Speciality Films recommends Final Dividend
  29-Jun-24   13:54
  Haridas Kanani divests 5.67% stake in Neogen Chemicals
  29-Jun-24   12:22
  Vodafone Idea launches new plans
  29-Jun-24   12:20
  GE Power India wins orders worth Rs 12 cr
  29-Jun-24   12:00
  Diamines & Chemicals appoints VP Manufacturing
  29-Jun-24   11:51
  Board of REC approves incorporation of project specific SPVs
  29-Jun-24   11:48
  Surya Roshni wins order of Rs 53 cr from Govt. of Odisha
  29-Jun-24   11:05
  Macro Intl. revises board meeting date
  29-Jun-24   11:01
  NOCIL announces cessation of directors
  29-Jun-24   10:56
Back Top