In a historic move, Zurich Insurance Company Ltd (Zurich), a Switzerland-based insurance giant, has announced it has received all necessary approvals to acquire a majority stake in Kotak Mahindra General Insurance Company Ltd (KMGIC). This acquisition from Kotak Mahindra Bank Ltd involves a 70% stake in Kotak General Insurance for ₹5,560 crore (approximately USD 670 […]

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