Edelweiss Capital Limited has entered into an agreement with Tokio Marine Holdings, Inc. to establish a life insurance joint venture in India to be called Edelweiss Tokio Life Insurance.

Edelweiss Capital is an India-based provider of investment banking, stock broking, wealth management and asset management services, while Tokio Marine is a Japan-based provider of property and casualty insurance, reinsurance and life insurance services.

Rumor (August 10, 2009):

According to The Economic Times, industry sources reported that Edelweiss Capital is in talks with Tokio Marine for a possible life insurance joint venture in India.

Reportedly, Ernst & Young is acting as financial advisor to Tokio Marine on their India strategy.

Deal Type    Partnership
Sub-Category Joint Venture
Deal Status  Announced: 2009-11-20
Deal Participants
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