Sun Life Canada may increase its stake in Indian venture Birla Sun Life following a decision by the country’s government to increase the level of allowing foreign direct investment.
Sun Life Canada may increase its stake in Indian venture Birla Sun Life following a decision by the country’s government to increase the level of allowing foreign direct investment. The limit has been 26 per cent but not foreign firms will be able to own up to 49 per cent of a joint venture in India. Sun Life’s head in India Sandeep Asthana told the Indian Times that the firm is evaluating its options: "India is a huge market with an immense potential and we are excited to be a part of the growth of the industry.”
