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
ED Attaches Rs 97.79 Crore Worth of Properties Belonging to Raj Kundra Under PMLA
ISRO's Former Director Cites Probability Theory in Support of Possible Alien Existence
Gaming Startup LightFury Raises $8.5 Million to Develop AAA Titles in India and UK
Wow! Momo Raises Rs 70 Crore, Following Rs 350 Crore Investment to Extend Growth
After Six Years of Profitable Bootstrapping, Medulance Raises Rs 25 Crore to Expand Nationally
ED Attaches Rs 97.79 Crore Worth of Properties Belonging to Raj Kundra Under PMLA
ISRO's Former Director Cites Probability Theory in Support of Possible Alien Existence
Gaming Startup LightFury Raises $8.5 Million to Develop AAA Titles in India and UK
Wow! Momo Raises Rs 70 Crore, Following Rs 350 Crore Investment to Extend Growth
After Six Years of Profitable Bootstrapping, Medulance Raises Rs 25 Crore to Expand Nationally
