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AEGON Religare Life Insurance Company, Ltd. is renamed as `Aegon Life Insurance Company, Ltd.' ("Company") today. We also confirm that Aegon N.V. has increased its stake in the Company to 49 percent. The Company is among the first Indian life insurance joint ventures to do so post the changes in the country's foreign direct investment regulations. In addition, Bennett, Coleman and Company, Ltd. of the Times Group will increase its stake by acquiring Religare Enterprises Limited's entire shareholding in the Company. All approvals from the Insurance Regulatory and Development Authority of India and other regulatory bodies have been received.
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