India, March 9 -- The shares of this prominent conglomerate will be in the spotlight after receiving the in-principle no-objection to the proposed amalgamation of the companies' entities.

With a market capitalization of Rs 58,186.35 crore, the shares of Max Financial Services Ltd were trading at Rs 1,685.00 per share, decreasing around 0.95 percent as compared to the previous closing price of Rs 1,701.20 apiece.

Amalgamation approval The company has received in-principle approval for the proposed amalgamation from Axis Bank, Axis Securities, and Axis Capital. These entities have provided their no-objection, subject to the continuation of the terms outlined in the transaction documents. Accordingly, the company has issued an undertaking ...