Mitsui Sumitomo Insurance ( MSI ) has pulled out of share purchase talks with Max Financial Services ( MFS ) and its subsidiary Max Life Insurance ( MLIC ) , after the three failed to finalise definitive agreements . Like us on Facebook and follow us on Twitter. The deal would have given MSI a 21.45 % stake in MFS , in exchange for a 19.98 % share of MLIC , which it would buy from MSI . Although the deal has been terminated , MFS will continue its joint venture operation with respect to MLIC .
Mitsui Sumitomo Insurance ( MSI ) has pulled out of share purchase talks with Max Financial Services ( MFS ) and its subsidiary Max Life Insurance ( MLIC ) , after the three failed to finalise definitive agreements . The deal would have given MSI a 21.45 % stake in MFS , in exchange for a 19.98 % share of MLIC , which it would buy from MSI . Although the deal has been terminated , MFS will continue its joint venture operation with respect to MLIC .