In FY23, the insurance industry had reported a growth rate exceeding 16%. However, there was a slowdown in FY24 largely due to the performance of crop insurance. Specialised insurer AIC reported a decline of 32% in growth due to the slowdown in agriculture insurance.
A short build-up was seen in 67 stocks including Canara Bank, Oracle Financial Services Software, India Cements, Metropolis Healthcare, and IndiaMART InterMESH.
Earlier this month, CCI said that it had approved the acquisition of a 70 per cent stake in Kotak Mahindra General Insurance Company by Zurich Insurance Company.
Zurich and Kotak General mutually agree that Zurich will acquire 70% stake in Kotak by way of a combination of primary and secondary acquisitions in a single tranche
Zurich Insurance To Acquire 70% Stake In Kotak Mahindra General For Rs 5,560 Crore pragativadi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pragativadi.com Daily Mail and Mail on Sunday newspapers.