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Aviva plans to sell India life insurance stake

Aviva is currently in the process of hiring corporate advisors to find buyers for its 26% stake in Aviva Life

August 05, 2013 3:40 IST | India Infoline News Service
British insurer Aviva PLC is planning to sell its India insurance stake worth more than $500 million, according to a media report.

Aviva is currently in the process of hiring corporate advisors to find buyers for its 26% stake in Aviva Life, the report added.

Meanwhile in a separate news, Aviva has alerted its staff in UK that they will not receive a bonus this year unless they hit targets related to the company’s £400 million cost cutting plans.

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