AXA sells its stake in Bharti AXA Life Insurance

Bharti GroupAXA has sold its 49% stake in its Indian joint venture Bharti AXA Life Insurance to its partner Bharti Group.

Upon completion of the transaction, Bharti will become the sole owner of the joint venture, which it has been co-managing with the French group since 2006.

Pending regulatory approval, the deal is expected to be closed in December 2023.

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