Religare enterprises and Edelweiss Capital get an in-principle nod for a proposed joint venture, from the Insurance Regulatory and Development Authority (IRDA).

Edelweiss and Japan’s Tokio Marine Holdings have formed a joint venture (JV) to enter the life insurance space. Religare already has its presence in the life insurance segment with media conglomerate Bennett Coleman and Company Ltd and Aegon.

Last Tuesday, in a board meeting, IRDA gave an R2 approval to Edelweiss-Tokio Life and...  Read More »