French insurer AXA has reportedly received approval from the Indian government to raise its stake in two local insurance joint ventures with Bharti Enterprises to 49%..
AXA currently owns 26% each in Bharti AXA Life Insurance and Bharti AXA General Insurance. Reuters reported that AXA plans to invest INR 8.59bn in Bharti AXA Life Insurance
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The development comes after the foreign ownership limit in Indian insurance companies was lifted in March 2015 to 49% from 26% previously, as the Indian parliament voted to change the law.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
