Aviva takes an extra 23% stake in India JV partner Dabur Invest

Insurer Aviva has taken an additional 23% share in Aviva Life Insurance Company India from joint venture partner Dabur Invest Corp

Aviva Life Insurance
Reuters
Last Updated : May 03 2016 | 3:01 PM IST

Insurer Aviva said on Tuesday it has purchased an additional 23% share in Aviva Life Insurance Company India Limited from joint venture partner Dabur Invest Corp.

The acquisition, which takes Aviva's stake to 49%, followed a recent regulatory change in India. It will have a neutral impact on Aviva's net assets, the company said in a statement.

Aviva India contributed 36 million pounds ($52.96 million) to Aviva's net assets in 2015 and 4 million pounds to profits, it added.

 

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First Published: May 03 2016 | 2:23 PM IST

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