The Indian Competition Authority clears a an acquisition of minority shareholdings in the Insurance sector (FAL / ICICI Lombard)

Introduction A notification was filed by FAL Corporation (“FAL”) under Section 6(2) of the Competition Act, 2002 (“Act”), pursuant to execution of an agreement amending the Joint Venture Agreement entered between FAL and ICICI Bank Limited (“ICICI”), in relation to its acquisition of additional 9% shareholding in ICICI Lombard General Insurance Company (“ICICI Lombard”),

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Authors

  • Shardul Amarchand Mangaldas & Co (Mumbai)
  • Economic Laws Practice (Mumbai)

Quotation

Gauri Chhabra, Suhail Nathani, The Indian Competition Authority clears a an acquisition of minority shareholdings in the Insurance sector (FAL / ICICI Lombard), 8 December 2015, e-Competitions Bulletin December 2015, Art. N° 77863

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