Aviva plc (“Aviva”) today announced that it has acquired an additional 25% investment in its joint venture in India, Aviva Life Insurance Company India Limited, from Dabur Invest Corp. (ALICIL).
Aviva’s stake in ALICIL has expanded to 74% following the acquisition.
Aviva will become the majority stakeholder, enhancing its economic and operational control as it works to transform the business’s performance.
Aviva received approvals from the relevant competition and regulatory authorities.
About Aviva Life Insurance:
Aviva Life Insurance Company India Limited is a joint venture between Dabur Invest Corp, one of India’s oldest and most respected business houses, and Aviva International Holdings Limited, a UK-based insurance group.
Aviva International has been associated with India since 1834.
About Aviva Plc