Aviva to acquire complete control of Indian business following FDI rule change
British insurance firm Aviva announced on Thursday that it plans to purchase the final 26% stake in its Indian subsidiary from its partner, Dabur Invest Corp, to become the sole owner. This move follows the government's recent decision to allow 100% foreign direct investment in the insurance industry, up from the previous 74% limit. Aviva had previously increased its holding in the venture from 49% to 74% back in 2022.
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