The companies last week signed a definitive agreement towards this merger and are now awaiting approval from sector regulator Insurance Regulatory and Development Authority (IRDA) for the same, three people familiar with the matter said. The likely size of the deal is about ₹35 crore, industry insiders said. This could not be confirmed by either of the merging entities.source https://economictimes.indiatimes.com/industry/banking/finance/insure/medi-assist-to-acquire-medvantage-insurance-tpa/articleshow/94440202.cms
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