Nippon Life Insurance Co.'s India unit may buy a minority stake in IndusInd Bank Ltd. to use the bank's network for selling its insurance products. They could initially buy a 4.9% stake and potentially increase it to 9.9%. The market value of IndusInd Bank is about 730 billion rupees.
from Banking/Finance-Industry-Economic Times https://ift.tt/Bi7Uk0E
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