Paytm to acquire general insurance firm Raheja QBE for $76 million

Date posted: Tuesday 7 July 2020

Paytm will acquire general insurance company Raheja QBE in a deal worth around $76 million, or Rs 570 crore. The online financial services provider said that founder Vijay Shekhar Sharma’s QorQI Technology will acquire 100% stake in the insurer from parent companies – Prism Johnson and QBE Australia – who are both seeking to exit from the joint venture.

(ET Tech)