Max Ventures Investment Holdings is likely to sell a 0.46% stake in Max Financial Services Ltd in a block deal worth up to ₹ 270 crore. The floor price for the transaction has been fixed at ₹ 1,675.7 per share, representing a discount of up to 1% to the last closing price.

Second quarter results

Max Financial Services reported a steep 96% year-on-year decline in net profit at ₹4.1 crore for Q2FY26, compared to ₹113 crore in the same quarter last year. The drop was largely due to lower earnings from its life insurance arm, Axis Max Life.

Also Read: Max Financial arm Axis Max Life gets anonymous tip claiming data breach

Net interest income (NII) grew 13.9% YoY to ₹131 crore from ₹115 crore, even as the life insurance segment revenue fell to ₹9,790.7 crore from ₹13,370.5 crore a ye

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