Competition Commission of India

CCI approves acquisition of 100% shareholding in Exide Life by HDFC Life

The Competition Commission of India (CCI) approves acquisition by HDFC Life Insurance Company (Acquirer) of 100% shareholding in Exide Life Insurance Company Limited (Target) under Section 31(1) of the Competition Act, 2002. After the acquisition, Exide Life will become a wholly-owned subsidiary of HDFC Life. It is proposed to merge Exide Life with HDFC Life.

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CCI approves acquisition of 4.99% stake in HDFC ERGO by HDFC Bank

The Competition Commission of India (CCI) has approved the acquisition of 4.99 percent shareholding in HDFC ERGO General Insurance Company (HDFC ERGO) by HDFC Bank. The Proposed Combination involves the acquisition of 4.99% of the outstanding equity share capital of the Target by the Acquirer from Housing Development Finance Corporation (HDFC). HDFC ERGO General Insurance