Bharti Group to acquire JV partner AXA's 49% stake in Bharti AXA Life Insurance

Bharti Group has entered into a binding agreement with its France-based joint venture partner AXA to acquire the latter's 49% stake in Bharti AXA Life Insurance. Post transaction, Bharti Life Ventures Pvt Ltd (BLVPL) will own 100% stake in the life insurer. The transaction is expected to be completed by December 2023. Bharti and AXA had previously sold Bharti AXA General Insurance to ICICI Lombard in 2020.