Max Financial Services Block Deal: Max Ventures Set to Offload 0.46% Stake

Max Ventures Investment Holdings is preparing to divest around 0.46% of its stake in Max Financial Services Ltd through a block deal estimated at up to ₹270 crore. The floor price has been set at ₹1,675.7 per share, implying a discount of roughly 1% to the stock’s previous closing level.

Max Financial Q2FY26 Performance Highlights

Max Financial Services delivered a sharp earnings setback in Q2FY26, posting a net profit of just ₹4.1 crore, a steep 96% decline from ₹113 crore in the same period last year. The downturn was primarily driven by significantly weaker performance from its life insurance subsidiary, Axis Max Life.

Despite the pressure on the insurance business, the company recorded a 13.9% year-on-year increase in net interest income, which rose to ₹131 crore from ₹115 crore. However, revenue from the life insurance segment tumbled to ₹9,790.7 crore, compared with ₹13,370.5 crore a year earlier. Segment profit also fell sharply to ₹23.7 crore, down from ₹170.8 crore in the previous year’s quarter.

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Sumit Madan, CEO and Managing Director, Axis Max Life, said, “In the first half of FY’26, Axis Max Life continued to deliver strong growth in Individual Adjusted First Year Premium and Value of New Business, led by our proprietary channels and further supported by our partnership verticals. This has resulted in a market share of 10.1%, underscoring the strength of our balanced channel mix and our ability to nurture every relationship.

Our consistent expansion in new business margins reflects disciplined execution and a strategic focus on a profitable, well-balanced product portfolio and sustainable growth. As one of the fastest-growing players in the sector, we remain committed to enhancing our competitive edge and deepening customer trust as we work towards achieving leadership scale in the private life insurance space.”

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