Aviva plc (“Aviva”) today announces that it has acquired an additional 25% stake from Dabur Invest Corp. in its joint venture in India, Aviva Life Insurance Company India Limited (ALICIL). Following the stake acquisition, Aviva’s shareholding has increased to 74% in ALICIL.
The transaction allows Aviva to become the majority shareholder, increasing its economic and operational control as it continues to transform the performance of the business.
Aviva received approvals from the relevant competition and regulatory authorities.
Aviva Life Insurance Company India Limited is a joint venture between Dabur Invest Corp, one of India's oldest and most respected business houses, and Aviva International Holdings Limited, a UK-based insurance group. Aviva International has been associated with India since 1834.
No comments:
Post a Comment