In a chat with ET Now, Gaurang Shah, President-AM, Insurance & Intl Biz, Kotak Life Insurance, says merger is expected to take around three to four months and depends upon all regulatory approvals.
Edited excerpts:
What is the rationale behind the acquisition of the British partner Old Mutual's 26 per cent stake in its life insurance arm?
We are very positive about the entire finances services sector including life insurance. We already own 74% in the life insurance arm. We are just getting 26% extra, we would love to do it. It is a profitable venture and we are very consistent in terms of our annual premium growth. If I say a number li ..
