Motilal Oswal
    NIFTY 50
Motilal Oswal

Swiss Re interested in buying Oriental Bank of Commerce's stake in insurance JV

Updated : January 10, 2019 01:33 PM IST

The Zurich-based reinsurer has submitted its expression of interest (EoI) to acquire OBC’s 23 percent stake in Canara HSBC Oriental Life Insurance, which will value the insurance JV at about Rs 6,500 crore.
ICICI Securities, the sole banker to the transaction, expects non-binding bids from interested buyers by the end of January.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV