HomeNewsBusinessMarketsZurich Insurance to buy 70% stake in Kotak General for Rs 5,560 cr in single tranche
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Zurich Insurance to buy 70% stake in Kotak General for Rs 5,560 cr in single tranche

Zurich will acquire 70% stake in Kotak General by way of a combination of primary and secondary acquisitions in a single tranche, Kotak Mahindra Bank said an exchange filing

Moneycontrol News
February 23, 2024 / 21:41 IST
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The proposed 70% acquisition would be subject to fulfilment of customary conditions precedent, including the receipt of regulatory approvals from the Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDAI), Kotak Mahindra Bank said
Moneycontrol News
first published: Feb 23, 2024 09:29 pm

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