Zurich Insurance to acquire 70% of Kotak General for Rs 5,560 cr pending regulatory approval
Zurich Insurance: Earlier this month, the Competition Commission of India (CCI) approved Zurich Insurance Company’s acquisition of a 70% stake in Kotak Mahindra General Insurance Company. Kotak Mahindra Bank has confirmed that Zurich Insurance Company will acquire a 70% stake in Kotak General Insurance Company Limited for Rs 5,560 crore in a single installment. The…