By Chitra Somayaji
May 10 (Bloomberg) -- Warren Buffett is interested in buying a controlling stake in an Indian state-run general insurer, the Business Standard reported today.
Buffett, who is scheduled to visit the South Asian nation next year, will discuss the matter with the Indian government, the newspaper said today, citing people it didn’t identify who are involved in arranging his trip.
Rules in India don’t allow the government to sell stakes in its four general insurers, which are New India Assurance, United India Insurance, National Insurance and Oriental Insurance, the Standard said.
Last Updated: May 9, 2010 23:38 EDTShare Investor Blog - Stockmarket & Business commentary
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