Predict your next investment

FINANCIAL | Insurance / Property & Casualty
bharti-axagi.co.in

See what CB Insights has to offer

Founded Year

2008

Stage

Acquired | Acquired

About Bharti AXA General Insurance

Bharti AXA General Insurance is an insurance company in India. The company offers insurance solutions for motor and two-wheeler, health and critical illness, property and student, individual and family travel and crop insurance. The company is based in Bengaluru, Karnataka.On August 22, 2020, Bharti AXA General Insurance was acquired by ICICI Lombard General Insurance, terms of the transaction were not disclosed.

Bharti AXA General Insurance Headquarter Location

No. 43, Millers Road, Vasanth Nagar First Floor Hosto Centrer

Bengaluru, 560052,

India

1800-103-2292

Latest Bharti AXA General Insurance News

AXA Group To Sell Its Entire Stake In ICICI Lombard

Oct 4, 2021

04 Oct 2021, 10:55 PM IST 04 Oct 2021, 10:55 PM IST 04 Oct 2021, 10:55 PM IST Save France’s AXA Group plans to sell its entire shareholding in ICICI Lombard General Insurance Co., according to a Bloomberg report, days after the Indian insurer completed the merger of Bharti AXA General Insurance Co.Societe Beaujon, the investment holding company of AXA Group, has put up for sale 1.75 crore shares of ICICI Lombard—representing 3.85% stake in the general insurer—in a block deal at a price range of Rs 1,497.9 to Rs 1,5... France’s AXA Group plans to sell its entire shareholding in ICICI Lombard General Insurance Co ., according to a Bloomberg report, days after the Indian insurer completed the merger of Bharti AXA General Insurance Co. Societe Beaujon, the investment holding company of AXA Group, has put up for sale 1.75 crore shares of ICICI Lombard—representing 3.85% stake in the general insurer—in a block deal at a price range of Rs 1,497.9 to Rs 1,576.7 apiece, Bloomberg reported. That’s a near 5% discount to its closing price on Oct. 4 on the BSE. The share sale, according to BloombergQuint’s calculations, is expected to range between Rs 2,621.4 crore and Rs 2,759.3 crore. BNP Paribas has been appointed as the sole placement agent for the transaction, Bloomberg reported. ICICI Lombard completed the acquisition of Bharti AXA General Insurance, a joint venture between Bharti Enterprises Ltd. and French insurer AXA, on Sept. 8, 2021. Under the all-stock deal announced in August 2020, ICICI Lombard had allotted a total of 3.58 crore equity shares of the shareholders of Bharti AXA—1.82 crore shares to Bharti General Ventures and 1.75 crore shares to Societe Beaujon.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.