CCI approves acquisition of equity stake in Future Generali India Insurance Company Limited by Generali Participations Netherlands N.V

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..... CCI approves acquisition of equity stake in Future Generali India Insurance Company Limited by Generali Participations Netherlands N.V - News and Press Release Dated:- 16-3-2022 - News - The Competi .....

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..... tion Commission of India (CCI) approves acquisition of equity stake in Future Generali India Insurance Company Limited by Generali Participations Netherlands N.V. Generali Participations Netherland .....

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..... s N.V. (GPN / Acquirer) is a wholly-owned subsidiary of Assicurazioni Generali S.p.A ( Generali Group ), the ultimate parent entity of the Generali group of companies. The Generali Group is a glob .....

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..... al insurance provider and is present in the general insurance industry in India through FGIIC. Future Generali India Insurance Company Limited (FGIIC / Target) is a general insurance company enga .....

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..... ged in the provision of non-life or general insurance services in India. The proposed combination relates to an acquisition of shares of FGIIC by GPN, an existing shareholder of FGIIC. GPN proposes .....

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..... to acquire approx. 25% of the equity share capital of FGIIC held by Future Enterprises Limited, pursuant to which GPN s aggregate (direct and indirect) shareholding in FGIIC will stand increased from .....

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..... 49% to approx. 74%. Detailed order of the CCI will follow. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITa .....

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