Announced
Financials
Sources
Tags
India
Cross Border
Full Line Insurance
Acquisition
Single Bidder
Minority
Private
insurance provider
Pending
Friendly
Synopsis
Swiss Re, a reinsurance company based in Zurich, agreed to acquire a 23% stake in Paytm Insuretech, the insurance unit of Paytm, a digital payments and financial services firm, for $123m. "We are excited to partner with Swiss Re for our insurance foray as a key strategic investor. It is an important milestone in our financial services journey of taking general insurance products to the masses," Vijay Shekhar Sharma, Paytm Chairman, MD and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.