India: Kotak Mahindra buys out UK partner in life insurance JV for $201m

India: Kotak Mahindra buys out UK partner in life insurance JV for $201m

Photo: Pradeep Gaur/ Mint

Kotak Mahindra Bank has agreed to buy out its UK-based partner Old Mutual’s entire 26 per cent stake in its life insurance arm for Rs 1,292.7 crore ($201.2 million).

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