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

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....CI approves acquisition of shares in SBI General Insurance by Honey Wheat <br>News and Press Release<br>Dated:- 13-12-2019<br><BR>The Competition Commission of India (CCI) approves acquisition of shar....

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....es 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 Insur....

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....ance) 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 co....

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

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....ndia 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.<BR> News - Press release - PIB....