Zurich Insurance gets CCI nod to acquire 70% stake in Kotak Mahindra General Insurance
Back in November of the previous year, Switzerland-based Zurich Insurance Group had agreed to acquire a 51% stake in KMGIC for approximately ₹4,051 crore.
kotak mahindra general insurance
February 2024
November 2023
Zurich Insurance Company to buy 51% stake in Kotak Mahindra General Insurance for ₹4,051 cr
Zurich will acquire additional 19% stake in 3 years; deal marks “single largest investment” by global strategic insurer in an Indian non-life insurer
