Mitsui Sumitomo Insurance Company, Limited (Msi) and Max Financial Services Limited (Mfs)
CCIC-2019/09/689
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
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Summary in terms of Regulation 13(1A) of the Competition Commission of India
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(Procedure in regard to the Transaction of Business relating to Combinations)
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Regulations, 2011 (as amended)
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A. Name of the parties to the combination
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- The parties to the combination are:
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- (a) Mitsui Sumitomo Insurance Company, Limited (“ MSI ”);
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- (b) Max Financial Services Limited (“ MFS ”); and
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- (c) Max Life Insurance Company Limited (“ Max Life ”).
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MSI, MFS and Max Life are collectively referred to as the “ Parties ”.
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B. Nature and purpose of the combination
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- The Proposed Combination envisages transfer of 19.98% of equity shareholding in Max Life by MSI to MFS (“ Step 1 ”) in exchange of acquisition of 21.45% equity shareholding in MFS (“ Step 2 ”). Step 1 and Step 2 are collectively referred to as the Proposed Combination .
Case details
As recorded by the court registry
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