MarketWatch.com - MarketPulse
LONDON (MarketWatch) -- Standard Life said Monday that it's increased its stake in Indian joint venture Standard Life Insurance Co. to 26% through acquiring roughly 7.15% of the joint venture from its partner Housing Development Finance Corp. Standard Life said it paid around 25.7 million pounds ($51.3 million) in cash for the stake. The group added it now owns the maximum stake allowed under Indian law.