India’s Axis Bank eyes 10% stake in Go Digit life insurance business: Sources

India’s Axis Bank NSE 3.13 % is in talks to acquire a stake in Go Digit Life Insurance, two sources with direct knowledge of the matter told Reuters, as the country’s third biggest private lender seeks to tap a fast-growing insurance market.

Axis is planning to take a 10% stake for around $9 million in the start-up’s upcoming life insurance business, effectively valuing the business at $90 million, said the two sources, who declined to be named as the talks were private.