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Shares of Axis Bank and Max Financial Services and its subsidiary Max Life Insurance will remain in focus, as they entered into a confidentiality and exclusivity arrangement. Under the deal, they will explore the possibility of Axis Bank entering into a long-term strategic partnership with Max Life. Max Financial Services currently holds a 72.5 per cent stake in Max Life while Mitsui Sumitomo Insurance and Axis Bank hold 25.5 per cent and 2 per cent stakes respectively.
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