CCI approves acquisition of shares in SBI General Insurance by Napean Opportunities LLP

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

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....ition of shares in SBI General Insurance by Napean Opportunities LLP. The proposed combination relates to the acquisition of 16.01% paid up share capital of SBI General Insurance Company Limited (SBI....

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.... General Insurance) by Napean Opportunities LLP (Napean). The Napean is a newly incorporated entity and belongs to PI Opportunities Fund - I and Azim Premji Trust. SBI General Insurance is engaged i....

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....n the business of providing general insurance products in India. The insurance products offered include motor, health, personal accident, travel, home, aviation, fire, marine, package, construction an....

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....d engineering and liability insurance. Detailed order of the CCI will follow.<BR> News - Press release - PIB....