EFU General Insurance Limited has announced that its subsidiary, EFU Life Assurance Limited, will not proceed with the proposed acquisition of Waada Digital (Private) Limited. This decision was made by mutual agreement between both parties.
- The Board of Directors of EFU Life Assurance Limited has officially withdrawn from the acquisition process.
- This announcement follows an earlier disclosure regarding the proposed acquisition of 100% of Waada Digital's issued share capital.
- No financial terms or impacts were disclosed related to this decision.