CCI approves stake buy in SBI General Insurance by Napean
New Delhi
14-December-2019
The Competition Commission of India (CCI) has approved acquisition of shares in SBI General Insurance by Napean Opportunities LLP.
The proposed combination relates to the acquisition of 16.01 per cent paid up share capital of SBI General Insurance Company Limited (SBI General Insurance) by Napean Opportunities LLP (Napean).
The Napean is a newly incorporated entity and belongs to PI Opportunities Fund-I and Azim Premji Trust.
SBI General Insurance is engaged in the business of providing general insurance products in India.
The insurance products offered include motor, health, personal accident, travel, home, aviation, fire, marine, package, construction and engineering and liability insurance.IANS
- 0
-
-
-
-
More Headlines
Gen Z Protests Push Nepal to Restore Social Media Access After Youth-Led Unrest
Trump Softens Tone on India: “I’ll Always Be Friends With Modi” as Trade Row Deepens
AIADMK Rift Deepens: K.A. Sengottaiyan Demands Return of Expelled Leaders, Ultimatum to EPS
Kerala Custodial Torture Row: Man Alleges Police Tried to Pull Out Teeth With Pliers
Pallavi Joshi Pens Open Letter to President Murmu Over The Bengal Files Release in West Bengal
Gen Z Protests Push Nepal to Restore Social Media Access After Youth-Led Unrest
Trump Softens Tone on India: “I’ll Always Be Friends With Modi” as Trade Row Deepens
AIADMK Rift Deepens: K.A. Sengottaiyan Demands Return of Expelled Leaders, Ultimatum to EPS
Kerala Custodial Torture Row: Man Alleges Police Tried to Pull Out Teeth With Pliers
Pallavi Joshi Pens Open Letter to President Murmu Over The Bengal Files Release in West Bengal
