UK-based Aviva International Holdings increased shares in Aviva Life Insurance Company India Limited by purchasing 25% shares from Indian joint venture partner Dabur Invest Corp.
Khaitan Legal Associates advised Aviva in this transaction.
The transaction team consisted of Sakate Khaitan (Senior Partner), Varsha Jalan (Partner), Sanjana Dasgupta (Senior Associate), Annie Arya (Senior Associate) and Arushi Arora (Associate).
This deal came in response to the increase in permissible FDI limits in Indian insurance companies to 74%.
Aviva is a leading global name in the insurance, wealth and retirement business. Aviva Life Insurance Company India Limited is a life insurance company in India.
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