https://www.taxtmi.com/news?id=27263 The Competition Commission of India has approved a proposed combination whereby a foreign insurer will acquire a controlling stake in an Indian general insurer through a combination of fresh growth capital and share purchase, with provision to acquire an additional minority parcel of shares over time to attain an aggregate majority holding; the acquirer is the principal operating insurer of a global group and the target underwrites motor, property, commercial and health insurance products, and a detailed order will follow. en-us Wed, 07 Feb 2024 09:41:40 +0530 Wed, 07 Feb 2024 09:41:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27263 The Competition Commission of India has approved a proposed combination whereby a foreign insurer will acquire a controlling stake in an Indian general insurer through a combination of fresh growth capital and share purchase, with provision to acquire an additional minority parcel of shares over time to attain an aggregate majority holding; the acquirer is the principal operating insurer of a global group and the target underwrites motor, property, commercial and health insurance products, and a detailed order will follow. News - Wed, 07 Feb 2024 09:41:40 +0530 https://www.taxtmi.com/news?id=27263