IRDAI approves ICICI Lombard acquisition of Bharti Axa General
The Insurance Regulatory and Development Authority of India (IRDAI) has given its in-principle approval for the merger of Bharti AXA General Insurance with ICICI Lombard. The merged entity will have a market share of around 8.7 per cent on a proforma basis in the general insurance business. Based on the share exchange ratio recommended by …
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