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Kotak: Zurich Insurance eyes $400 million stake in general insurance arm of Kotak General Insurance

The stake the Swiss insurer wants to secure will be worth around $400 million. Kotak is still evaluating offers, including from other investors, but it prefers retaining "control of the company" after the stake sale, the first source said.

Africa lombardUday kotakZurich insurance groupKotak mahindra bankKotak general insuranceSouth asianZurich insuranceGeneral insuranceCareedge ratingsSouth africa

Zurich Insurance eyes $400-million stake in Kotak General Insurance

Zurich Insurance eyes $400-million stake in Kotak General Insurance
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Uday kotakAfrica lombardKotak mahindra bankZurich insurance groupKotak general insuranceZurich insuranceGeneral insuranceCareedge ratingsSouth africa

Zurich Insurance eyes $400 million stake in general insurance arm of India s Kotak

Backed by Asia s richest banker Uday Kotak, the early-stage negotiations value the Indian company at around $800 million, and Zurich Insurance has expresed interest in both a minority stake of 49% or taking up a majority 51% stake, the sources said.

Africa lombardUday kotakKotak mahindra bankZurich insurance groupZurich insuranceInsurance groupKotak general insuranceSouth asianGeneral insuranceCareedge ratingsSouth africa

Zurich Insurance Eyes Buying $400M Stake in General Insurance Arm of India s Kotak

Zurich Insurance Group is in talks to buy up to 51% of India's Kotak General Insurance, two sources with direct knowledge of the matter said, a deal that

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Zurich Insurance eyes $400 mn stake in general insurance arm of India s Kotak

Zurich Insurance eyes $400 mn stake in general insurance arm of India s Kotak
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

Uday kotakAfrica lombardZurich insurance groupKotak mahindra bankKotak general insuranceSouth asianZurich insuranceGeneral insuranceCareedge ratingsSouth africa