France’s AXA group has increased its stake in its life insurance and general insurance joint ventures with Bharti Enterprises to 49% from 26%..Talwar Thakore & Associates advised the AXA group with a team led by Partner Kunal Thakore, along with Deepa Christopher..Vinod Dhall and Sonam Mathur advised on the competition law aspects..AZB & Partners advised Bharti with a team led by Partners Gautam Saha and Sachin Mehta..AXA is the first foreign insurer to procure all regulatory approvals (from the Foreign Investment Promotion Board, the Insurance Regulatory and Development Authority of India and the Competition Commission of India) and complete the increase of its stake in its Indian joint ventures following the increase in the foreign investment permitted in the insurance sector..With this deal, Bharti Enterprises’ stake in both the insurance ventures will come down to 51% from the existing 74%, reports Mint.
France’s AXA group has increased its stake in its life insurance and general insurance joint ventures with Bharti Enterprises to 49% from 26%..Talwar Thakore & Associates advised the AXA group with a team led by Partner Kunal Thakore, along with Deepa Christopher..Vinod Dhall and Sonam Mathur advised on the competition law aspects..AZB & Partners advised Bharti with a team led by Partners Gautam Saha and Sachin Mehta..AXA is the first foreign insurer to procure all regulatory approvals (from the Foreign Investment Promotion Board, the Insurance Regulatory and Development Authority of India and the Competition Commission of India) and complete the increase of its stake in its Indian joint ventures following the increase in the foreign investment permitted in the insurance sector..With this deal, Bharti Enterprises’ stake in both the insurance ventures will come down to 51% from the existing 74%, reports Mint.