Zurich completes acquisition of 70 pc stake in Kotak General Insurance for Rs 5560 crore

Mumbai, (Maharashtra) [India] 19 June (ANI): Zurich Insurance Company Limited (Zurich) has acquired a majority stake in Kotak Mahindra General Insurance Company Limited from Kotak Mahindra Bank. Zurich says the acquisition process has been completed after all necessary regulatory approvals. Zurich has acquired a 70 per cent stake in Kotak General Insurance for a total consideration of Rs 5,560 crores (i.e., USD 670 millio