Mitsui Sumitomo to acquire 26% stake in New York Life
Japan's largest casualty insurer plans to acquire a 26% stake in Max New York Life Insurance Co to expand its business in the Indian insurance market.
Mitsui Sumitomo Insurance Co, a unit of MS&AD, will purchase 16.63% from New York Life Insurance Co and 9.37% from Max India Ltd, which holds a 70% stake, the Indian company said in a statement to the
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