InsuranceDekho set to merge with RenewBuy

InsuranceDekho and RenewBuy have merged through a share swap. The deal values the combined entity at ₹7,400 crore. Ankit Agrawal of InsuranceDekho will likely become the CEO. RenewBuy’s investors will receive shares in InsuranceDekho. The merged company will be among India’s top three insurance distributors. Their combined premium book will be ₹6,000 crore. The deal awaits regulatory approvals.

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