Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Japan's Mitsui Sumitomo to increase stake in Indian joint venture

September 10, 2015 Reprints

Sources have said that Japan-based Mitsui Sumitomo Insurance Co. Ltd. is planning to increase its stake in its Indian joint venture Cholamandalam MS General Insurance Co. Ltd. to 49% from the current 26%, reports domain-b.com citing The Economic Times.

"Mitsui is in advanced stages of discussion to increase stake in Cholamandalam General Insurance," an official at Cholamandalam said. Cholamandalam MS General Insurance said that it aims to achieve gross premium of 25 billion Indian rupees ($377 million) in 2015-16 fiscal year.

Help

Japan's Mitsui Sumitomo to increase stake in Indian joint venture

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources