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IndusInd Bank to pick up 3-5% stake in Aviva Life
Private sector lender IndusInd Bank is set to pick up three-five per cent stake in private sector life insurer Aviva Life Insurance. According to sources privy to the development, as part of the deal, apart from offering shares, Aviva Life would also pay an advance commission, taking the total valuation of the deal to around Rs 1,000 crore.
“The final modalities are being worked out. IndusInd
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