Axa authorized to hold 49% in the capital of the Bharti group
AXA has received the approval of the Indian authorities to increase its stake in the Bharti group.
The French group, which currently owns 26% of the companies created with the Bharti group, will increase its participation to 49%.
Under the new law approved on last March, this figure represents the maximum limit that a foreign insurance company may hold in the capital of an Indian company.
These investments amount to 182 million EUR (205 million USD).
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Mon, 11/05/2015 - 17:23
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