Max Life Insurance has bought shares in Capital Small Finance Bank for Rs 49.50 crore, taking its stake in the bank to 2.99 per cent.
Max Life Insurance Company has been allotted a total of 10.57 lakh equity shares. Each equity share has a face value of Rs 10. Additionally, a premium of Rs 458 per equity share has been paid. The total consideration for this allotment amounts to Rs 49,50,03,600, the bank said in a statement.