kotak
Zurich Insurance Group will buy a 70% stake in Kotak Mahindra Bank's general insurance arm by paying 55.60 billion rupees (nearly $671 million) upfront instead of staggering the purchase as planned last year, the Indian lender said on Friday.
Under the original deal, announced in November last year, Zurich was to buy a 51% stake in the Kotak unit for 40.51 billion rupees and an additional 19% holding within three years of the first purchase.
The deal will be the largest investment by a global insurer in a non-life insurer in the Indian market.
Under the original deal, announced in November last year, Zurich was to buy a 51% stake in the Kotak unit for 40.51 billion rupees and an additional 19% holding within three years of the first purchase.
The deal will be the largest investment by a global insurer in a non-life insurer in the Indian market.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.