The acquisition will be completed by December 2023, which will see Bharti Group taking full control of Bharti AXA Life Insurance; a venture that was jointly run for nearly two decades.
Bharti Group will acquire French insurer AXA's 49% stake in Bharti AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of ..
BENGALURU -Bharti Group will acquire French insurer AXA s 49% stake in Bharti AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of a venture that was jointly run.
It was not immediately clear if the deal marks the French insurer s exit from the South Asian country. Meanwhile, Bharti said it was in talks with other investors to scale up the business by partnering or combining with their entities.
India Business News: Indian conglomerate, Bharti Group, is set to acquire French insurer AXA's 49% stake in Bharti AXA Life Insurance Co, taking full control of the joint