Max Financial Services Approves Rs 2,000 Crore Fund Raise and Capital Increase

Max Financial Services approved a plan on March 12, 2026, to raise up to Rs 2,000 crore through a qualified institutional placement (QIP) or other permissible routes. The funds will primarily support the growth and expansion of its subsidiary, Axis Max Life Insurance, with the remainder allocated for general corporate purposes. The board also approved increasing the authorised share capital from Rs 70 crore to Rs 75 crore, subject to shareholder approval and regulatory clearances.