Max Life plans to purchase 51% stake in IDBI Federal Life

As one of the leading candidates to buy out or pick up, Max Life Insurance Co. Ltd may invest to attain majority stake in IDBI Federal Life Insurance Co. Ltd. In 2017, Analjit Singh-promoted Max Life’s proposed merger with HDFC Standard Life Insurance Co. Ltd collapsed after failing to win regulatory approval for a union that would have created an insurance giant with Rs1.1 trillion in assets.