Trishikhar Ventures proposes acquisition of 18.951% of the Religare Health Insurance Co. Ltd. through CCI Green Channel

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..... Trishikhar Ventures proposes acquisition of 18.951% of the Religare Health Insurance Co. Ltd. through CCI Green Channel - News and Press Release Dated:- 3-4-2020 - News - The Competition Commission of India (CCI) received the following green channel combination filed under sub-section (2) of Section 6 of the Competition Act, 2002 (Act) read with regulation 5A of the Competition Commission .....

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..... of India (Procedure in regard to the transactions of business relating to combinations) Regulations, 2011 (Combination Regulations): Acquisition of up to 18.951% (Eighteen point Nine Five One percent) of the equity share capital of the Religare Health Insurance Company Limited (Religare / Target) by the Trishikhar Ventures LLP (Trishikhar / Acquirer) ( Proposed Combination ). Trishik .....

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..... har is a special purpose vehicle set up for the purposes of the Proposed Combination. The Acquirer is a part of the Kedaara Group which invests in a variety of companies through acquisitions and corporate restructurings Religare provides general insurance products relating to health segment, which comprises of health insurance, personal accident insurance and travel insurance. Further, as p .....

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..... er the Insurance Regulatory and Development Authority of India (General Insurance - Reinsurance) Regulations, 2016, it can also do inward reinsurance business. Summary of the Proposed Combination is available at: https://www.cci.gov.in/sites/default/files/notice_order_summary_doc/C-2020-04-739_0.pdf [Filing under sub-section (2) of Section 6 of the Act read with regulation .....

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..... 5A of the Combination Regulations (i.e. notice for approval of the Proposed Combination under Green Channel) shall be deemed to have been approved upon filing and acknowledgment thereof.] - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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