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AXA increases its stake in insurance JVs with Bharti Enterprises

AXA has increased its stake in life and general insurance joint ventures with Bharti Enterprises in India.

The two companies said in a statement that AXA has increased stakes in its life and non-life insurance joint ventures with Bharti to 49 percent from 26 percent.

Financial details of the transaction have not been disclosed.

A joint statement issued by AXA and Bharti Enterprises said that “this operation further strengthens the existing partnership between Bharti and AXA in India, and demonstrates the agility and commitment of both parties in further expanding their operations in the country”.

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