02:25 PM EST, 11/12/2025 (MT Newswires) -- Manulife Financial ( MFC ) and Mahindra & Mahindra said Wednesday they have agreed to establish a 50:50 life insurance joint venture in India.

The capital commitment from each shareholder is up to $400 million, with each shareholder expected to invest $140 million in the first five years, the companies said.

Shares of Manulife were up nearly 2% in recent trading.

Price: 34.18, Change: +0.64, Percent Change: +1.91