Aviva to Up Stake in India JV to 49%

London: British insurer Aviva said on Thursday that it was planning to raise its stake in its Indian joint venture with Dabur Invest Corp to 49 per cent, following Indian rule changes on foreign direct investment (FDI). Aviva will raise its stake to the maximum level allowed for foreign companies from 26 per cent, the previous maximum stake. "The increase of foreign direct investment limits...has made the Indian insurance market mu...