In the business sector, a JV between New York Life and Max India has exited in form of selling its 26 % shares by New York Life to Mitsui Shumitomo, non-life Insurance Corporation.

Max New York Life is an Insurance Company whose partner New York Life is a foreign shareholder that led to having 26% share of partnership.

Foreign shareholder has directly sold its shares to Japanese Company and now makes Max India, the owner of a large amount of 74% stake in the JV. Read the rest of this entry…

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