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Axa authorized to hold 49% in the capital of the Bharti group

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Magazine Issue: 
Women and the rush to insurance [3]
Magazine date: 
Apr 2015

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).

Mon, 11/05/2015 - 17:23

Source URL: https://www.atlas-mag.net/en/article/axa-authorized-to-hold-49-in-the-capital-of-the-bharti-group

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