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Marsh raises stake in Indian JV to 49 pc

twitter-logo PTI        Last Updated: March 12, 2019  | 22:52 IST

New Delhi, Mar 12 (PTI) Global insurance broking firm Marsh Tuesday said it has raised shareholding in its Indian joint venture, Marsh India, from 26 per cent to 49 per cent, the maximum FDI limit in the sector. Marsh India is a joint venture between Marsh International Holdings and its India-based partners, which include Rampart Trust, the company said in a statement. Marsh India was one of the first foreign insurance brokers to be registered as composite broker with the Insurance Regulatory and Development Authority of India. PTI DP HRS MR MR

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