News From Press HDFC Life may call off merger plan with Max Life, focus on IPO

HDFC Life may call off merger plan with Max Life, focus on IPO

Source: Economic Times Jul 14, 2017

HDFC Life Insurance may call off its proposed takeover of the Max group’s life insurance business as the two have not been able to arrive at a mutually agreeable alternative structure for the transaction, which the regulator has rejected in its current form. Also, HDFC Life’s shareholders want to push ahead with listing plans and a merger is likely to delay that by at least a year, several people aware of the development told ET.

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