Acquisitions24 Feb 2024, 12:58 am
Zurich to Acquire 70% Stake in Kotak General for INR 5560 Crore
AI Summary
Zurich Insurance Company Ltd has agreed to acquire 70% stake in Kotak Mahindra General Insurance Company Limited for a total consideration of INR 5,560 Crore, instead of the previously announced proposal. The other terms of the transaction remain unchanged.,
Key Highlights
- Zurich to acquire 70% stake in Kotak General
- Total consideration of INR 5,560 Crore
- Update on proposed acquisition
- Other terms of the transaction remain unchanged