Bengaluru, Jan. 29 -- The share of the insurance solutions provider gained up to 1.2 percent in today's trading session after the company's board has granted in-principle approval for a potential amalgamation.

With a market capitalisation of Rs 55,620.42 crore, the shares of Max Financial Services Ltd were trading at Rs 1,611.65 per share, decreasing around 0.77 percent as compared to the previous closing price of Rs 1,624.10 apiece.

Amalgamation

Max Financial Services Ltd has received in-principle board approval for its proposed amalgamation into Axis Max Life Insurance Ltd. The transaction involves Axis group entities holding 19.02% stake in the life insurer. The merger is subject to IRDAI approval and shareholder clearances under th...