by AIP Online Bureau | Feb 6, 2024 | Indian News, Non-Life, Reinsurance
In November last year, the Switzerland-based Zurich Insurance Group had agreed to acquire a 51 percent stake in Kotak Mahindra General Insurance Company for about Rs 4,051 crore. The proposed transaction valued Kotak Mahindra General Insurance Company at Rs 7,943...
by AIP Online Bureau | Jun 14, 2023 | Indian News, Non-Life
Kotak, which is a relatively smaller general insurance player, is holding stake sale talks as it hopes to get an investor who can help them “turn around the business and grow faster”. Mumbai: Zurich Insurance Group is in talks to buy up to 51% of India’s Kotak General...
by AIP Online Bureau | Nov 24, 2022 | Indian News, Regulation
According to the sources close to the development, both companies have decided to part ways due to the differences on various issues like shareholders agreement, valuation, etc With the collapse of Piramal-Zurich JV, the fate of RGIC’s bidding process is...
by AIP Online Bureau | Sep 25, 2022 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation
Zurich confirmed that it has made a separate offer to acquire a stake in Reliance General Insurance Company as part of the resolution process under Insolvency and Bankruptcy Code (IBC). ”The terms of any transaction are subject to negotiations and there can be...
by AIP Online Bureau | Jun 26, 2022 | Indian News, Life, Non-Life
The timeline for bidding Reliance Capital Ltd extended by 90 days — from June 3 to September 2, 2022. This is the second extension granted by the Committee of Creditors (CoC) for the completion of RCL’s resolution process New Delhi: Lenders of debt-ridden...
