Question
Zurich Insurance Group will acquire how much percent
stake in Kotak Mahindra General Insurance Company for about Rs 4,051 crore through a combination of fresh capital infusion and share purchase?Solution
Zurich Insurance Group will acquire a 51 per cent stake in Kotak Mahindra General Insurance Company for about Rs 4,051 crore through a combination of fresh capital infusion and share purchase. Zurich Insurance intends to acquire an additional 19 per cent stake within three years of closing the deal, which will take its holding in the Indian general insurance firm to 70 per cent.
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