Angel One Partners Livwell To Float Digital-First Insurance Co

Angel One will own a 26% stake in the proposed JV and LivWell Holding Company Pte Ltd will own the remaining 74%

The deal, which is subject to regulatory approvals, will see a capital infusion of INR 400 Cr in the proposed entity

While former regional CEO of Prudential Asia Wilf Blackburn has been proposed to chair the JV, Livewell CEO Nikhil Verma will be appointed as the CEO of the new entity

Online broking giant Angel One plans to form a joint venture (JV) with…