Punjab National Bank to acquire 58% stake in Principal PNB Life Insurance Company from joint venture partners - MarketLine Financial Deals

Punjab National Bank to acquire 58% stake in Principal PNB Life Insurance Company from joint venture partners

Punjab National Bank to acquire 58% stake in Principal PNB Life Insurance Company from joint venture partners - MarketLine Financial Deals
Punjab National Bank to acquire 58% stake in Principal PNB Life Insurance Company from joint venture partners
Published Jun 23, 2010
2 pages — Published Jun 23, 2010
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Abstract:

Punjab National Bank (PNB) has entered into a memorandum of understanding with its partners Principal Financial Group (Mauritius) Limited, U. K. Paints (India) Pvt., Ltd. and Vijaya Bank to acquire the 58% stake held by two of its partners in a proposed life insurance joint venture, called Principal PNB Life Insurance Company, which is still awaiting Insurance Regulatory and Development Authority (IRDA) approval.

  
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Document ID
MA27588_100628
Country
Country
Ticker
532461=IN
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MLA:
MarketLine Financial Deals. "Punjab National Bank to acquire 58% stake in Principal PNB Life Insurance Company from joint venture partners" Jun 23, 2010. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Punjab-National-Bank-to-acquire-58-stake-in-Principal-PNB-Life-Insurance-Company-from-joint-venture-partners-2052-35526>
  
APA:
MarketLine Financial Deals. (2010). Punjab National Bank to acquire 58% stake in Principal PNB Life Insurance Company from joint venture partners Jun 23, 2010. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Punjab-National-Bank-to-acquire-58-stake-in-Principal-PNB-Life-Insurance-Company-from-joint-venture-partners-2052-35526>
  
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