Tag: Max Financial Services

Max Financial Services appoints Gauri Padmanabhan as Independent Director

Max Financial Services Limited announced the appointment of Gauri Padmanabhan as Independent Director on the company’s Board, with effect from August 25, 2022. According to the company’s exchange filing, “we wish to inform that the shareholders of the Company in their 34th Annual General Meeting held on August 25, 2022, approved the appointment of Ms.…

Max Financial Services appoints Amrit Singh as Chief Financial Officer

Max Financial Services Limited announced the appointment of Amrit Singh as Chief Financial Officer of the company, with effect from May 1, 2022. He succeeds Mandeep Mehta, who has resigned from the role of CFO to pursue other career options. According to the company’s exchange filing, “Considering the synergy between the finance role at the…

IRDAI approves swap of Mitsui Sumitomo’s Max Life stake with parent Max Financial Services

Max Financial Services Limited (MFSL) announced that Insurance Regulatory and Development Authority of India (IRDAI) has approved the proposed transfer of 39,47,75,831 equity shares constituting 20.57% of the paid-up equity share capital of Max Life Insurance Company Limited (Max Life) held by Mitsui Sumitomo Insurance Company Limited (MSI) to MFSL in exchange for issuance of…