Aviva acquires full control of Indian joint venture
after close1 source ↓written by the desknot a recommendation
- in Aviva Life
- 26% stake
- its ownership
- 100%
Aviva has signed an agreement to acquire the remaining 26% stake in Aviva Life Insurance Company India Limited from Dabur Invest Corp, increasing its ownership to 100%. This move follows recent regulatory changes allowing foreign insurers to fully own local firms. The financial impact of the transaction is deemed not material to Aviva.
Not investment advice. For informational purposes only.