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The move comes after Asian Alliance Insurance sold its stake in Asian Alliance General Insurance business.
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On 24th June 2016, the company agreed to sell its stake in Asian Alliance General Insurance to Fairfax Asia or another nominated member of the Fairfax Group for 1.
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26 billion rupees. The agreement also contained a condition that Fairfax Asia or another nominated member of the group should enter into an exclusive general insurance distribution agreement with Softlogic Holdings.