trending Market Intelligence /marketintelligence/en/news-insights/trending/z3vXsRok-svN7J-w_SLrCA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Old Mutual completes sale of stake in Indian life insurance JV

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Old Mutual completes sale of stake in Indian life insurance JV

Old Mutual Plc completed the sale of its 26% stake in Kotak Mahindra Old Mutual Life Insurance Ltd. to joint venture partner Kotak Mahindra Bank Ltd.

Consideration for the deal, net of hedging and tax, was £138 million. Old Mutual said it will use the proceeds for general corporate purposes.

Following the transaction, Kotak Mahindra Bank now owns 100% of the Indian life insurance joint venture, which it established with Old Mutual in 2011.