Business
ICICI Lombard gets in-principle approval from IRDAI approval to acquire Bharti AXA General Insurance
The Indian Insurance Regulatory Authority on Friday approved the acquisition of Bharti AXA General Insurance Company Limited (Bharti AXA), the principal insurance business of ICICI Lombard General Insurance Company Limited, the company said in a statement. communicated. In the event of a proposed merger, all of Bharti AXA’s general insurance business will be transferred to ICICI Lombard through a division in return for the issue of shares by ICICI Lombard to Bharti AXA.