On Tuesday, Aviva has said that an additional 23 percent share has been purchased by it in Aviva Life Insurance Company India Limited from joint venture partner Dabur Invest Corp.

This acquisition takes Aviva’s stake to 49 percent, followed a recent regulatory change in India. The company has said in a statement that it will be having a neutral impact on Aviva’s net assets.

It further said that Aviva India contributed 36 million pounds (USD 52.96 million) to Aviva’s net assets in 2015 and 4 million pounds to profits.

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