CCI approves acquisition of additional stake in Acko Tech by General Atlantic

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....CI approves acquisition of additional stake in Acko Tech by General Atlantic <br>News and Press Release<br>Dated:- 7-6-2023<br><BR>The Competition Commission of India (CCI) approves acquisition of add....

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....itional stake in Acko Tech by General Atlantic. The proposed combination envisages acquisition of an additional 4.04% shareholding of Acko Technology and Services Private Limited (Acko Tech) by Gener....

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....al Atlantic Singapore ACK Pte. Ltd. (GASACK). GASACK, an investment holding company, is held by funds or vehicles controlled by General Atlantic. Acko Tech is engaged in the business of providing ge....

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....neral (non-life) insurance through its subsidiary, Acko General Insurance Limited (Acko GI). The Commission approved the proposed combination subject to compliance of modifications jointly furnished ....

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....by GASAK and GAP Bermuda, L.P. under Regulation 19(2) of the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011. Detailed ....

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....order of the CCI will follow.<BR> News - Press release - PIB....