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CCI approves the (i) acquisition of certain equity shares of Bharti Axa Life Insurance Company Limited (BALIC/ Target) by 360 ONE Private Equity Fund, through its schemes or affiliates (360 Fund); and (ii) subscription of certain equity shares in the Target by Bharti Life Ventures Private Limited (BLVPL) and 360 Fund
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....CI approves the (i) acquisition of certain equity shares of Bharti Axa Life Insurance Company Limited (BALIC/ Target) by 360 ONE Private Equity Fund, through its schemes or affiliates (360 Fund); and (ii) subscription of certain equity shares in the Target by Bharti Life Ventures Private Limited (BLVPL) and 360 Fund<BR>News and Press Release<BR>Dated:- 23-4-2025<BR><BR>The Competition Commission o....
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....f India has approved the (i) acquisition of certain equity shares of Bharti Axa Life Insurance Company Limited (BALIC/ Target) by 360 ONE Private Equity Fund, through its schemes or affiliates (360 Fund); and (ii) subscription of certain equity shares in the Target by Bharti Life Ventures Private Limited (BLVPL) and 360 Fund. 360 Fund, through its schemes or affiliates, proposes first to acquire ....
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....equity shares of the Target from BLVPL. Subsequently, 360 ONE (defined in subsequent paragraphs), and BLVPL also propose to subscribe to certain equity shares in Target. 360 Fund is registered with the Securities and Exchange Board of India as a Category II Alternative Investment Fund and is established for the purpose of investing in various sectors in India and worldwide. 360 ONE Alternates Ass....
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....et Management Limited (360 AAML) provides investment management services to 360 ONE's entities. 360 AAML is a wholly owned subsidiary and is ultimately controlled by 360 ONE WAM Limited. (360 Fund and 360 AAML collectively referred to as '360 ONE') BLVPL is the holding company of BALIC, and both of these companies belong to the Bharti Group. BALIC is a limited liability public unlisted company i....
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....ncorporated in India. BALIC is involved in the business of providing life insurance policies. Detailed order of the Commission will follow.<BR> News - Press release - PIB....