Bharti Life Ventures Private Limited (BLVPL) has completed the acquisition of AXA’s 49% stake in Bharti AXA Life Insurance Company Limited.
With this, Bharti now holds a complete 100% stake in the insurance company, as said in its press release on Monday.
Bharti and AXA, have been related for over 18 years, and now the completion of the acquisition implies Bharti’s commitment to taking full control of the life insurance venture and hence guiding its future strategies.
Bharti, which has its presence in sectors including telecom, digital infrastructure, and real estate, is now going to take the lead of the future of Bharti AXA Life Insurance.
The company outlined plans to onboard more bancassurance partners and explore strategic and financial collaborations to expand itself and capture a larger share of the growing opportunities in the insurance sector.