News - India :IAG completes investment in Indian JV
Source: Asia Insurance Review | Jan 2010
Insurance Australia Group (IAG) has completed its Rs5421 million (US$116 million) investment in its general insurance joint venture with the State Bank of India, SBI General.
The investment will be funded from internal resources. The capital has been invested directly into the joint venture vehicle and no further capital is expected to be required until at least the fourth year of operation.
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