Edelweiss rejects Tokio bid to get controlling stake in insurance JV

Edelweiss owns 51% in ETIL with 49% held by Tokio Marine. Unlike several other insurance ventures in India where the shareholders' agreement gave the foreign partner a right to raise stake as and when regulations allowed, there was no such pact between Edelweiss and the Japanese giant.

from Banking/Finance-Industry-Economic Times https://ift.tt/3oGxuG9