 "Insurance sector sees record deals worth over Rs 38,000 crore in two weeks")
Over the past two weeks, the insurance industry has witnessed some of the largest deals in the financial sector, with a cumulative deal value exceeding Rs 38,000 crore.
The biggest among them is the Bajaj Group's acquisition of Allianz’s stake in their two insurance joint ventures for Rs 24,180 crore.
Additionally, Patanjali entered the insurance sector by acquiring a stake in Magma General Insurance from Adar Poonawalla. IndusInd International Holdings (IIHL) also completed its acquisition of Reliance Capital, which owns two insurers — Reliance Nippon Life Insurance and Reliance General Insurance.
Separately, the UK-based Prudential Group partnered with HCL Group to establish a standalone health insurance company.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%