Edelweiss Tokio Life Insurance on Thursday announced it has receivedequity capital infusion of ₹670 crore from Edelweiss Financial Services and Tokio Marine Holdings Inc.
Edelweiss Tokio Life is a joint venture between Edelweiss Financial Services (51 per cent) and Tokio Marine Holdings Inc (49 per cent).
Deepak Mittal, MD and CEO, Edelweiss Tokio Life Insurance, said: “This capital infusion will supportour expansion plans and, in particular, the development of our bancassurance channel. We are also significantly enhancing our technology and digital platforms.”
Published on November 30, 2017
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