Kotak Bank gets RBI nod to sell 70 pc stake in general insurance arm to Zurich InsuranceIn November last year, Zurich Insurance Company announced plans to acquire a 51 per cent stake in Kotak Mahindra General through a combinat...
05 Jun, 2024, 05.27 PM IST
Zurich Insurance to buy 70% stake in Kotak arm upfront in amended dealZurich Insurance Group will buy a 70% stake in Kotak Mahindra Bank's general insurance arm by paying 55.60 billion rupees (nearly $671 mill...
07 Mar, 2024, 02.26 PM IST
Zurich Insurance to acquire 70% stake in Kotak GeneralZurich has agreed to pay ₹4,051 crore for 51% stake including fresh growth capital of up to ₹1,609 crore. The expected date of completion f...
03 Nov, 2023, 05.47 AM IST
Kotak Mahindra Bank to sell 51% stake in Kotak General Insurance to Zurich Insurance for Rs 4,051 croreKotak Mahindra Bank has sealed a deal with Zurich Insurance, where Zurich will invest Rs 4,051 crore to acquire a 51% stake in subsidiary K...
02 Nov, 2023, 09.52 AM IST
Zurich Insurance to pick 51% stake in Kotak General Insurance for Rs 4,051 croreOnce Zurich acquires the 51% shareholding in the insurance company, it will cease to be a subsidiary of the bank. The proposed transaction ...
02 Nov, 2023, 09.47 AM IST
Zurich Insurance eyes $400 million stake in Kotak General InsuranceZurich Insurance is reportedly in early-stage talks to acquire up to a 51% stake of Kotak General Insurance for roughly $400m, marking its ...
14 Jun, 2023, 09.02 PM IST
Zurich Insurance eyes $400 million stake in general insurance arm of Kotak General InsuranceThe stake the Swiss insurer wants to secure will be worth around $400 million. Kotak is still evaluating offers, including from other inves...
14 Jun, 2023, 03.00 PM IST
Piramal, Zurich Insurance mull joint bid for Reliance General InsuranceZurich confirmed that it has made a separate offer to acquire a stake in Reliance General Insurance Company as part of the resolution proce...
25 Sep, 2022, 08.45 PM IST
European shares open higher; Aegon leads gains among insurersThe European insurance sector index was up 0.8% in early trading, and was among the top gainers. Zurich Insurance Group also added 1.3% as ...
11 Aug, 2022, 02.06 PM IST
European stocks steady on strong earnings, M&A activityBritish insurer Aviva rose 1.8% after it said it would return at least 4 billion pounds ($5.5 billion) to shareholders, while Zurich Insura...
12 Aug, 2021, 02.15 PM IST
Wipro appoints Tulsi Naidu of Zurich Insurance Group as independent directorNaidu, who has spent 25 years in the global financial services sector, joined Zurich Insurance Group in September 2016 and was named the CE...
14 May, 2021, 06.28 PM IST
Long-lasting global recession likely due to COVID-19, says World Economic Forum reportTwo-thirds of the 347 respondents to the survey - carried out in response to the outbreak - put a lengthy contraction in the global economy...
19 May, 2020, 11.42 AM IST
Zurich Airports win bid to build, operate Jewar airport for 40 yearsSources said that the company defeated all the other three bidders by far by offering a revenue share of Rs 400.97 per passenger to the aut...
30 Nov, 2019, 11.53 AM IST
Zurich Airport bagging Jewar positive for sector: CrisilThe move comes amid the domestic passenger volume growing in single-digit in January-October period this year with a 4.5 per cent degrowth ...
29 Nov, 2019, 07.26 PM IST
Ask the travel expert: How to draw an itinerary for a 5-day trip to Sikkim?There is no such SIM card which can be used in every European country.
29 Aug, 2019, 05.17 AM IST
- Zurich Financial sees Q2 profit halved to $707 mn
Swiss insurer Zurich Financial Services Group reported a 51 per cent drop in the second-quarter net profits to $707 million as earnings wer...
05 Aug, 2010, 03.46 PM IST
- Wipro opens development centre in Chennai
Wipro launches development centre for Zurich Financial Services in Chennai.
20 Aug, 2007, 04.54 PM IST