New Delhi, Sept 6: OM Kotak Mahindra Life Insurance Co Ltd., the newly-formed joint venture company of Kotak Mahindra Finance Limited and the Britain-based Old Mutual Plc has filed application to operate life insurance business with the insurance regulator.The company, which will have an initial net worth of Rs 150 crore, will be headquartered in Mumbai. KMFL is engaged in auto and consumer finance asset management, investment banking and securities trading and research.
The Kotak Mahindra Group also has joint ventures with Goldman Sachs in investment banking and Ford Credit in auto finance.
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