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TaxTMI 
CCI approves acquisition of equity stake in Future Generali India Insurance Company Limited by Generali Participations Netherlands N.V
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....CI approves acquisition of equity stake in Future Generali India Insurance Company Limited by Generali Participations Netherlands N.V <br>News and Press Release<br>Dated:- 16-3-2022<br><BR>The Competi....
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....tion 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 ins....
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....urance 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 the....
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.... 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 appr....
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....ox. 74%. Detailed order of the CCI will follow.<BR> News - Press release - PIB....