Edelweiss rejects Tokio bid to get controlling stake in insurance JV - Business News: Latest News & Videos about market and economy | Trendmergers

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Edelweiss rejects Tokio bid to get controlling stake in insurance JV

Edelweiss owns 51% in ETIL with 49% held by Tokio Marine. Unlike several other insurance ventures in India where the shareholders' agreement gave the foreign partner a right to raise stake as and when regulations allowed, there was no such pact between Edelweiss and the Japanese giant.

from Industry-Economic Times
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