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Kotak General
Zurich completes 70% stake acquisition of Kotak General Insurance for US$670m
June 19 2024
"India's insurance market offers immense potential, and together with Kotak, we are committed to supporting its growth and development," says Zurich APAC CEO Tulsi Naidu.
RBI greenlights Zurich's 70% stake acquisition of Kotak General
June 6 2024
55.6bn rupees (US$667m) acquisition from Kotak Mahindra Bank, initially announced in November, and now set to be completed in a single tranche.
Zurich opts for 70% upfront stake purchase of Kotak General
February 23 2024
Kotak Mahindra Bank announced Zurich's revised plan to acquire 70% stake in single transaction, altering the initial phased acquisition strategy.
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