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of <h1>CCI Approves Ageas Insurance's Acquisition of Additional Shares in Ageas Federal Life Insurance, Boosting Its Stake Beyond 49.</h1> The Competition Commission of India has approved the acquisition of additional shares in Ageas Federal Life Insurance Company Limited by Ageas Insurance International NV. Ageas, an international insurance group, currently holds a 49% stake in AFLI and shares control with IDBI and Federal Bank. The acquisition will increase Ageas's shareholding in AFLI, which offers various life insurance products in India, including term plans, child plans, ULIPs, savings plans, retirement solutions, health plans, group plans, and online plans. A detailed order from the CCI regarding this acquisition will be issued subsequently.
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