Wednesday, November 1, 2023

BANKING

Kotak Mahindra Bank has sealed a deal with Zurich Insurance, where Zurich will invest Rs 4,051 crore to acquire a 51% stake in subsidiary Kotak General Insurance. This agreement involves a combination of fresh capital infusion and share purchase, with the potential for Zurich to acquire an additional 19% stake within three years of the initial investment.

from Banking/Finance-Industry-Economic Times https://ift.tt/XbCl7Ks
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