Bharti Enterprises said on Friday it would sell its entire stake in two insurance joint ventures with AXA to Mukesh Ambani-controlled Reliance Industries Ltd.
Bharti will use the proceeds from the sale towards other group businesses in India and abroad, it said in a statement.
Bharti entered into the joint ventures with the AXA Group in 2006 and held a 74 percent stake in both these ventures - Bharti AXA Life Insurance and Bharti AXA General Insurance .
Bharti will use the proceeds from the sale towards other group businesses in India and abroad, it said in a statement.
Bharti entered into the joint ventures with the AXA Group in 2006 and held a 74 percent stake in both these ventures - Bharti AXA Life Insurance and Bharti AXA General Insurance .