Ageas: completes purchase of 40% stake in India's RSGI

(CercleFinance.com) - Dutch insurer Ageas has said that it has completed the acquisition of a 40% stake in RSGI, one of the biggest players of the Indian non-life market.


All necessary regulatory approvals have been obtained, with the deal having a net cash impact of 185 million euros, the company said in a statement.

With strong positions in motor and health insurance, RSGI has a network of over 5,600 agents, 700 branches, and several partnerships with banks, it said.

Following the transaction, Ageas now holds 40% of the share capital of RSGI, Sundaram Finance 50% and other shareholders the remaining 10%.

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