360 ONE Asset has agreed to acquire a 15% stake in Bharti AXA Life Insurance through its managed funds, pending regulatory approval, according to data analytics platform GlobalData.
The article noted that a press release from Bharti said that the infusion would accelerate its growth, raise market share and allow them to innovate, while also improving products and its distribution network.
“This investment underscores the strength of our business model, commitment to long-term growth and our vision of redefining life insurance in India,” Bharti AXA Life Insurance managing director and CEO Parag Raja said to the article.
“With this partnership, we aim to further accelerate innovation, enhance our product offerings, solidify our service experience and further deepen our market presence. Together, we are poised to drive sustainable growth and create lasting value for both our customers and stakeholders.”