Aviva acquires 26% of Aviva India

Aviva has signed an agreement with Dabur Invest Corp (DIC) to acquire its remaining 26% stake in Aviva Life Insurance Company India Limited (Aviva India).

Upon completion of the transaction, the British group will own 100% of Aviva India, becoming the company's sole shareholder.

The acquisition follows recent regulatory changes that now allow foreign insurers to invest up to 100% in Indian insurance companies.