Advertisement
Canada markets closed

  • S&P/TSX

    22,011.72
    +139.76 (+0.64%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • CAD/USD

    0.7320
    -0.0001 (-0.01%)
     

  • CRUDE OIL

    83.49
    +0.13 (+0.16%)
     

  • Bitcoin CAD

    90,718.48
    -693.71 (-0.76%)
     

  • CMC Crypto 200

    1,429.09
    +14.33 (+1.01%)
     

  • GOLD FUTURES

    2,336.90
    -5.20 (-0.22%)
     

  • RUSSELL 2000

    2,002.64
    +35.17 (+1.79%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • NASDAQ futures

    17,692.00
    +85.25 (+0.48%)
     

  • VOLATILITY

    15.69
    -1.25 (-7.38%)
     

  • FTSE

    8,044.81
    +20.94 (+0.26%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • CAD/EUR

    0.6837
    +0.0001 (+0.01%)
     

Aviva takes an extra 23 percent stake in India JV

Reuters
People enter and exit the AVIVA headquarters building in Dublin October 19, 2011. REUTERS/Cathal McNaughton (Reuters)

(Reuters) - Insurer Aviva said on Tuesday it had purchased an additional 23 percent share in Aviva Life Insurance Company India Limited from joint venture partner Dabur Invest Corp. The acquisition, which takes Aviva's stake to 49 percent, followed a recent regulatory change in India. It will have a neutral impact on Aviva's net assets, the company said in a statement. Aviva India contributed 36 million pounds to Aviva's net assets in 2015 and 4 million pounds to profits, it added. (Reporting by Maiya Keidan; editing by Simon Jessop)