CCI approves acquisition of shares in SBI General Insurance by Honey Wheat

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..... CCI approves acquisition of shares in SBI General Insurance by Honey Wheat
News and Press Release
Dated:- 13-12-2019

The Competition Commission of India (CCI) approves acquisition of sha .....

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..... res in SBI General Insurance by Honey Wheat. The proposed combination relates to the acquisition of around 9.99% of the equity share capital of SBI General Insurance Company Limited (SBI General Insu .....

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..... rance) by Honey Wheat Investment Limited (Honey Wheat). Honey Wheat is a part of the Warburg Pincus group, which is stated to have investments over $79 billion in more than 880 companies, across 40 c .....

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..... ountries including the United States of America, Canada, Brazil, Austria, Egypt, United Arab Emirates, Germany, the Netherlands, Poland, Spain, Switzerland, United Kingdom, China, Vietnam, Singapore, .....

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..... India and Indonesia. 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 .....

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..... , home, aviation, fire, marine, package, construction and engineering and liability insurance. Detailed order of the CCI will follow.
News - Press release - PIB .....

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