India: Insurers HDFC Life, Max prepare new merger structure after regulator's rejection

India: Insurers HDFC Life, Max prepare new merger structure after regulator's rejection

Photo: Pradeep Gaur/Mint

HDFC Life Insurance Co. Ltd and Max Life Insurance Co. Ltd have extended the deadline for the merger talks till 31 July and are working on a new merger structure after the insurance regulator rejected the original three-step union, said two people with knowledge of the discussions.

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