CCI approves combination involving acquisition of certain equity shares and special rights in Niva Bupa Health Insurance Limited by India Business Excellence Fund – IV

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... CCI approves combination involving acquisition of certain equity shares and special rights in Niva Bupa Health Insurance Limited by India Business Excellence Fund – IV - News and Press Release Dated:- 13-12-2023 - News - CCI approves combination involving acquisition of certain equity shares and special rights in Niva Bupa Health Insurance Limited by India Business Excellence Fund – IV - - - Date .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d:- 13-12-2023 - The Competition Commission of India (CCI) has approved the proposed combination involving acquisition of certain equity shares and special rights in Niva Bupa Health Insurance Limited by India Business Excellence Fund IV. India Business Excellence Fund-IV ( Acquirer ) is a category II Alternative Investment Fund ( AIF ) registered with the Securities and Exchange Board of In .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... dia and primarily invests in equity and equity-linked instruments and/or debt and/or mezzanine or other instruments of India nor India related companies. It is a sector-agnostic fund, providing growth capital to mid-sized companies. MO Alternate Investment Advisors Pvt. Ltd. is the investment manager of the Acquirer. Niva Bupa Health Insurance Limited ( Target ) is a standalone health insurance .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... company which is engaged in offering insurance policies in the health and travel insurance segment in India. It underwrites primarily health insurance business which includes health indemnity, health fixed benefit (hospital cash, personal accident and critical illness) and travel insurance both to retail and group customers. The proposed combination relates to the acquisition of certain equity .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... shares in the Target, upon completion of which the Acquirer would have certain special rights in the Target ( Proposed Combination ). Detailed order of the CCI will follow. - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X