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Max New York to raise capital

NEW DELHI, OCT. 5. Max New York Life Insurance plans to raise capital by Rs. 100 crores to sustain growth in business which is slated to double this fiscal. "We will have to raise our authorised capital to Rs. 500 crores. In the next board meeting, we will take it up," Max New York Life Vice-Chairman, Anuroop Tony Singh, said after launching the company's first unit-linked product `Life Maker' here today.

— PTI

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