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Bharti Group to buy out French partner AXA's stake in JV
Indian conglomerate, Bharti Group, is set to acquire French insurer AXA's 49% stake in Bharti AXA Life Insurance Co, taking full control of the joint venture. It is unclear if this marks AXA's exit from India. Bharti is also in talks with other investors to expand the business. The deal is expected to close by December, subject to regulatory approvals.
Indian conglomerate, Bharti Group, is set to acquire French insurer AXA's 49% stake in Bharti AXA Life Insurance Co, taking full control of the joint venture. It is unclear if this marks AXA's exit from India. Bharti is also in talks with other investors to expand the business. The deal is expected to close by December, subject to regulatory approvals. 
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