Zurich Insurance completes acquisition of 70% Kotak Mahindra General Insurance stake in a ₹5,560-crore deal

Zurich Insurance Company on June 19, 2024 announced that it has completed the acquisition of 70 per cent stake in Kotak General Insurance in a deal worth ₹5,560 crore. This is the first major investment since the FDI limit was raised from 49% to 74% in 2021 in the insurance sector.
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