The Axis Bank and its subsidiaries have recently acquired what percent of stake in the Max Life Insurance Company to become its co-promoters?

1. 

The Axis Bank and its subsidiaries have recently acquired what percent of stake in the Max Life Insurance Company to become its co-promoters?
[A]. 11.55%
[B]. 15.11%
[C]. 12.99%
[D]. 14%

Answer: Option C

Explanation:

The Axis Bank along with its subsidiaries, Axis Capital and Axis Securities, have completed the acquisition of 12.99 percent stake in the Max Life Insurance Company.

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