Mahindra & Mahindra Ltd (M&M) has signed an agreement with global insurer Manulife to form a 50:50 life insurance joint venture in India, with both partners committing capital of up to Rs3,600 crore over 10 years.
Mumbai (Maharashtra) [India], June 22 (ANI): Mahindra Asset Management Company has entered into a joint venture with Toronto-based financial services group Manulife to expand the depth and breadth of fund offerings and retail fund penetration in India.