MERGER DAYS ARE HERE AGAIN !
Mergers and Acquisitions (M&A) activity is broadly driven by larger economic themes as companies reconfigure their strategic initiatives to match Read more
Mitsui Sumitomo
Samsung Life Insurance eyes Pramerica stake in DLF JV
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
Max Life Insurance eyeing to sell 5 percent in life insurance Joint Venture with Mitsui
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  price, Max India has not made any such commitment to its new partner Mitsui Sumitomo Insurance of Japan. Mitsui became a partner  in Max Life Insurance in April this year, buying out the stake of US-based New York Life Insurance. Read more