Max Financial Services' Q1 results show profit for owners at Rs. 95.56 Cr (EPS Rs. 2.78) on Rs. 14,969.51 Cr revenue.

Axis Bank raised its stake in Axis Max Life to 19.99%. An amalgamation with Axis Max Life is planned, targeting its listing and direct shareholder benefits.

A subsidiary redeemed Rs. 496 Cr debt.