Pantaloon entering Insurance Market With A Joint Venture
Pantaloon Retail is soon entering into non-life insurance industry with a joint venture with Assicurazioni Generali - one of the biggest insurance player in Italy. The license is in its final stages of approval by IRDA & can be passed anytime.
It will lead to the entry of Generali Group in India, the 3rd largest insurance group in Europe. Future Generali will hold 26% of the business while 74% will be retained by Pantaloon.
0 comments:
Post a Comment