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

The Compet .....

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

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..... 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 global in .....

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..... surance 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 engaged in th .....

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..... e 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 to acquire .....

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..... 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 49% to app .....

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..... rox. 74%. Detailed order of the CCI will follow.
News - Press release - PIB .....

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