AXA, Bharti and Reliance Industries Limited have mutually agreed to terminate their negotiations on the proposed acquisition by RIL of Bharti's shareholding of 70% in Bharti AXA Life Insurance and Bharti AXA General Insurance.
Amarnath Ananthanarayanan, managing director and chief executive officer of Bharti AXA General Insurance speaking to CNBC-TV18's Siddharth Zarabi said the operations and managerial work of this joint venture would not be affected by this deal being called off. "The management team continues to be the same which was there a few months back. It will continue to be the same in the future as well," he said. However, Ananthanarayanan refused to comment on the reason why this deal was called off. Below is the edited transcript of AnanthanarayananDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
