AIA Group to up stake in Indian life insurance JV with Tata

AIA, which currently owns 26 percent in Tata AIA indian Life Insurance, will boost its stake by buying an additional 23 percent in the company, Tata Sons said in a statement, without giving further details.

AIA Group Ltd has agreed to raise its stake to 49 percent in its life insurance joint venture with India’s Tata Sons Ltd, the Indian life insurance group said on Monday.

Indian life insurance

AIA, which currently owns 26 percent in Tata AIA Life Insurance, will boost its stake by buying an additional 23 percent in the company, Tata Sons said in a statement, without giving further details.

The deal is the latest in a series of such transactions this year after India raised foreign holding cap in the insurance sector to 49 percent.

Curated from AIA Group to up stake in Indian life insurance JV with Tata

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