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Stock Market Insights With The Bull! (India) @TheBullCharge on x 1595 followers
Created: 2025-07-24 02:02:35 UTC
▪ Angel One
Angel One to invest Rs XXX cr in life insurance JV with Singapore's Livwell
Domestic brokerage Angel One on Wednesday announced a plan to invest at least Rs XXX crore in a life insurance company in a joint venture with Singapore's Livwell Holding Company.
The domestic company, which has interests across the financial services landscape, will hold a XX per cent stake in the venture while its Singaporean partner will hold the rest XX per cent, a statement said.
This will be a 'digital-first' life insurance company, the statement said, adding that India is "overwhelmingly" under insured.
"As India embraces digital financial services, insurance too must be accessible, transparent and seamlessly delivered through trusted platforms," Angel One's group chief executive Ambarish Kenghe said.
Wilf Blackburn, ex-regional CEO of Prudential Asia, is proposed to chair the proposed venture, while Nikhil Verma, former deputy CEO of Aviva Vietnam, is proposed to lead as CEO.
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