Zurich Insurance to Buy 51% in India’s Kotak General for $487 Million

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Insurance Journal - Nov 02, 2023

Zurich Insurance Co. has agreed to buy a majority stake in Kotak Mahindra General Insurance Co. for 40.51 billion rupees ($487 million), including infusion of fresh capital. The Switzerland-based insurer will buy 51% stake in Kotak Mahindra Bank’s insurance unit …...

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