Other Private Equity/Strategic Investments

Hinduja, ADIA combine in talks to buy AXA's 49% stake in life insurance JV with Bharti

Economic Times  

The Hinduja Group and Abu Dhabi Investment Authority (ADIA) are in talks to buy French insurer AXA's 49% stake in its life insurance JV with Bharti Enterprises. AXA's stake in Bharti AXA Life Insurance could be worth around USD 1 billion (about INR 7,500 crore). Sunil Mittal-led Bharti group owns a 51% stake in Bharti AXA Life Insurance. Global brokerage Jefferies is an advisor to a potential transaction, and due diligence is likely to be concluded by early 2022.

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