India’s 360 ONE Asset acquires stake in insurance business from major conglomerate

The asset management arm of India’s largest wealth manager has made a fresh investment in a conglomerate-owned insurer. 360 ONE Asset, through funds that it manages, will acquire a 15% stake in Bharti AXA Life Insurance to strengthen the company’s growth trajectory, unlock new avenues for innovation and enhance market share, according to a company statement on Tuesday. The firms…

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