Joint Venture23 Jul 2025, 05:31 pm
Angel One Ltd to Invest in Life Insurance Joint Venture with LivWell Holding Company Pte. Limited
AI Summary
Angel One Ltd, a Mumbai-based company, has announced its decision to invest in a new line of business, Life Insurance, through a joint venture with LivWell Holding Company Pte. Limited. The joint venture entity will be classified as an associate of Angel One Ltd, with LivWell Holding Company Pte. Limited holding 74% equity stake and Angel One Ltd holding 26% equity stake. The company also plans to incorporate an associate company in collaboration with LivWell Holding Company Pte. Limited for life insurance business in India, subject to regulatory approvals.
Key Highlights
- Angel One Ltd to invest in Life Insurance joint venture with LivWell Holding Company Pte. Limited
- Joint venture entity to be classified as an associate of Angel One Ltd
- LivWell Holding Company Pte. Limited to hold 74% equity stake, Angel One Ltd to hold 26% equity stake
- Plans to incorporate an associate company for life insurance business in India
- Subject to regulatory approvals including from the IRDAI and Ministry of Corporate Affairs, Government of India