The deal, expected to close in 15 months, gives Bajaj full control over its insurance businesses, allowing it to pursue new categories and inorganic growth. Also management will look into comprehensive licence for the two companies, once the insurance amendment legislation, the management informed analysts.
Mutual fund bulls vs FII bears: The Rs 38,000 crore battle for 5 popular bank stocks
Domestic mutual funds bought banking stocks worth Rs 38,000 crore in March, countering heavy FII selling of Rs 60,655 crore during the Iran war selloff.