New Delhi : Mahindra & Mahindra on Thursday said it has inked a pact with Toronto headquartered Manulife to establish a 50:50 life insurance joint venture, entailing an investment of Rs 3,600 crore each from both partners.This new venture will strengthen Mahindra and Manulife's existing footprint in India and underscores their commitment to enhancing the financial wellbeing of customers in one of the world's fastest-growing markets.

🚀 Mahindra & Manulife Launch Life Insurance Venture – Potential INR 30,000 Cr Valuation in 10 Years | MCap 4,66,770.98 Cr

- Mahindra & Manulife (Canada) launch a life insurance joint venture.

- Expected valuation: INR 18,000-30,000 Cr in 10 years.

- Mahindra to invest ~INR 250… pic.twitter.com/tEW4QrJoTK — Investor Feed (@_Investor_Feed_) November 13,

See Full Page