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METLIFE, ING WELCOME STAKE HIKE MOVE (Metlife India aims to become first life insurance company in India to hike its FDI stake to 49% from 26%).

Asia Africa Intelligence Wire

| July 10, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From India Business Insight)

Metlife India and ING Vysya Life have welcomed the Government of India's decision to permit hike in foreign direct investment (FDI) to 49 percent from 26 percent.

Metlife India aims to be the first life insurance company in India to raise its FDI stake to 49 percent from the current 26 percent, subject to approvals of the shareholders and regulatory …

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