Zuari Global has acquired 100% shares of Zuari Insurance Brokers from Zuari Finserv (ZFL), Wholly owned subsidiary of the company. ZIBL is in the business of distribution of mutual fund products, Insurance Broking, research activities in the Insurance Sector. Acquisition of ZIBL has been made according to the Insurance Regulatory and Development Authority of India (Insurance Brokers) Regulations, 2018. The said transaction has been done at ‘arm length’.
Zuari Global is engaged in the manufacture of urea and complex fertilisers.
