Mergers and Acquisitions (M&A) activity is broadly driven by larger economic themes as companies reconfigure their strategic initiatives to matchRead more
South Korea’s largest insurance company,Samsung Life Insurance is in talks with DLF -Pramerica to buy Pramerica’s 26% stake in the insurance joint venture to enter India. Even after the exit of ING from Indian insurance sector by selling off its 26% stake in joint venture ING Vysya Life Insurance, several foreign players are eying to enter India.Read more
Insurance and healthcare major Max India may divest around 5% in its life insurance joint venture with Mitsui Sumitomo Insurance – Â Max Life Insurance – to long-term foreign financial investors if parliament approves the proposed hike in insurance FDI cap to 49%.
Unlike many other insurance joint ventures in India where foreign partners have the right to increase their stakes at a pre-determined Â price, Max India has not made any such commitment to its new partner Mitsui Sumitomo Insurance of Japan. Mitsui became a partner Â in Max Life Insurance in April this year, buying out the stake of US-based New York Life Insurance.Read more