The group also announced leadership changes with the transition of Analjit Singh to the position of Founder and Chairman Emeritus, Max Group. Rahul Khosla will be the group President.

The three Max Group entities, to be listed by March end are: Max Financial Services, Max India and Max Ventures and Industries.

Max Financial Services, the holding company for Max Life which has a war chest of about Rs 2,000 crore, will look at various areas including retirement, mutual fund and distribution. It will also explore M&As.

The company will focus solely on managing the Group's flagship life insurance business, through its 72 percent shareholding in Max Life, making it the first Indian listed company exclusively focused on life insurance.

The third entity, Max India Limited, will manage investments in the high potential Health and Allied businesses - Max Healthcare, Max Bupa and Antara Senior Living.

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