HDFC & investment Insurance has proposed to hold a 69 % stake in a new merger with Max Life Insurance , the latter seeing a stake of 24 % . The deal still requires the participation of investors and high - profile officials .
HDFC Standard Life Insurance has proposed to hold a 69% share in a new merger with Max Life Insurance, the latter seeing a shareholding of 24%. The deal still requires the approval of shareholders and high-court officials.