Question
Which entity has achieved the distinction of becoming
the initial Indian life insurance company to attain a 74% foreign shareholding?Solution
Ageas Federal Life Insurance (AFLI) announced that after Belgium-based Ageas Insurance International successfully acquired the 25% investment in the life insurance joint venture (JV) from IDBI Bank, it has become the first life insurance firm in India with a 74% stake held by a foreign partner.
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