Aviva Plc, the British multinational insurance company headquartered in London, UK, has been planning to end its Indian insurance joint venture as it plans to exit less-profitable markets, according to a report from Reuters.

Aviva holds 26 per cent stake in insurance JV with Dabur Group, an Indian conglomerate with interests in personal care and FMCG products.

The report said that the British insurance giant may consider selling the stake to Dabur Group only while it is still in the process of hiring corporate advisors for the transaction.