AXA confirms its intention to increase its stake in its Indian insurance joint ventures with Bharti Enterprises, from 26% to 49%

Following approval of the Insurance Bill by the Indian Parliament, AXA confirms its intention to increase its stake in its Indian Life and general insurance joint ventures with Bharti Enterprises to 49%, from 26%, subject to finalization of negotiations, entering into legally binding agreements, as well as closing conditions including regulatory approvals.