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

Chhabra, Gauri; Nathani, Suhail

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8 Dec 2015

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

KEYWORDS

Reference

Indian Competition Authority, FAL / ICICI Lombard, No. C-2015/11/343, 8 December 2015

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

Gauri Chhabra
Shardul Amarchand Mangaldas (Mumbai)

India 70 contributions 18837 visits
Suhail Nathani
Economic Laws Practice (Mumbai)

India 12 contributions 2772 visits

Quotation

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

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