{"id":21857,"date":"2024-10-15T22:37:06","date_gmt":"2024-10-15T17:07:06","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=21857"},"modified":"2024-10-15T22:37:06","modified_gmt":"2024-10-15T17:07:06","slug":"cci-approves-the-proposed-acquisition-of-24-91-shareholding-in-future-generali-india-insurance-by-central-bank-of-india","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2024\/10\/15\/cci-approves-the-proposed-acquisition-of-24-91-shareholding-in-future-generali-india-insurance-by-central-bank-of-india\/","title":{"rendered":"CCI approves the proposed acquisition of 24.91% shareholding in Future Generali India Insurance by Central Bank of India"},"content":{"rendered":"<p style=\"text-align: justify;\">Competition Commission of India has approved the proposed acquisition of 24.91% shareholding in Future Generali India Insurance and 25.18% shareholding in Future Generali India Life Insurance by Central Bank of India.\u00a0The proposed combination envisages acquisition by Central Bank of India of 24.91% equity stake in Future Generali India Insurance Company Limited (<strong>FGIICL<\/strong>) and 25.18% equity stake in Future Generali India Life Insurance Company Limited (<strong>FGILICL<\/strong>) through bid\/resolution plan submitted by Central bank of India under Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.<\/p>\n<p style=\"text-align: justify;\">Central Bank of India is a scheduled commercial bank.<\/p>\n<p style=\"text-align: justify;\">FGIICL is a general insurance company. It provides personal insurance, commercial insurance, social &amp; rural insurance\u00a0<em>etc<\/em>.<\/p>\n<p style=\"text-align: justify;\">FGILICL is a life insurance company. It provides savings insurance, investment plans (ULIP), term insurance plans, health insurance plans, child plans, retirement plans, rural insurance plans and group insurance plans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Competition Commission of India has approved the proposed acquisition of 24.91% shareholding in Future Generali India Insurance and 25.18% shareholding in Future Generali India Life Insurance by Central Bank of India.\u00a0The proposed combination envisages acquisition by Central Bank of India of 24.91% equity stake in Future Generali India Insurance Company Limited (FGIICL) and 25.18% equity &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136],"tags":[18064,4288,18058,17342,18059,18061,18062,17553,18063,18060],"class_list":["post-21857","post","type-post","status-publish","format-standard","","category-national","tag-banking-and-insurance","tag-cci-approval","tag-central-bank-of-india","tag-financial-services","tag-future-generali-india-insurance","tag-insurance-sector","tag-investment-approval","tag-market-expansion","tag-regulatory-decisions","tag-shareholding-acquisition"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - 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