A foreign insurer is set to score a major India first
Synopsis UK insurer Aviva Plc is set to fully own its Indian life insurance venture. This move follows India's recent policy allowing total foreign ownership
Synopsis UK insurer Aviva Plc is set to fully own its Indian life insurance venture. This move follows India's recent policy allowing total foreign ownership in the sector.
Aviva will buy the remaining 26% stake from its partner, Dabur Invest Corp. Full ownership offers greater strategic flexibility and faster decision-making for business expansion.
The transaction marks the first deal under the government's liberalized foreign ownership policy.
The BriefWire