/ Max Financials Services Trades Lower For The 8th Consecutive Sessions ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 25 May 2017


Max Financials Services is trading lower by 3% for the eight consecutive trading sessions. It is currently trading at Rs 547.20 per share on the NSE at around 1100 hours, Thursday. 

Recently, Max Life was to merge with Max Financial Services, which would, in turn, merge with HDFC Life. The deal would enable HDFC Life to get listed automatically on the stock exchanges since Max Financial Services is already a listed company, reported a national news portal.

HDFC Life, a private sector insurance major, is likely to go back to its original plan of launching an initial public offering (IPO), as the company’s alternate plan of merging with Max Life has not received the nod of Insurance Regulatory and Development Authority of India (IRDAI), reported a national news portal.

The merger scheme between the two insurance majors is reportedly postponed as the IRDAI has sent it to the attorney general for approval.

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