Irdai gives in-principle approval for Bharti AXA-ICICI Lombard deal

Marking a major consolidation move in the insurance space, the proposed deal was announced in August this year. Bharti Enterprises currently owns 51 per cent stake in Bharti AXA General Insurance, while French insurer AXA has 49 per cent.

from Banking/Finance-Industry-Economic Times https://ift.tt/3o1ciaL