The Competition Commission of India approved a proposed combination where Ageas Insurance International NV acquired an additional 25% shareholding in Ageas Federal Life Insurance Company Limited, bringing its total stake to 74%, finding no appreciable adverse effect on competition.
The proposed combination under Section 31(1) of the Act is approved.
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.
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2022/06/944)
15th July, 2022
Notice under Section 6(2) of the Competition Act, 2002, filed by Ageas Insurance International NV
CORAM:
Mr. Ashok Kumar Gupta Chairperson
Ms. Sangeeta Verma Member
Mr. Bhagwant Singh Bishnoi Member
Order under Section 31(1) of the Competition Act, 2002
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Bank Limited ( IDBI ). Thus, the Acquirer would hold 74% of the shareholding of AFLI after the Proposed Combination.
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1 issue framed by the court
Whether the proposed acquisition of shareholding by Ageas Insurance International NV in Ageas Federal Life Insurance Company Limited raises any appreciable adverse effect on competition in India.
3 provisions across 1 enactments
Ageas Insurance International NV
Ashok Kumar Gupta
Sangeeta Verma
Bhagwant Singh Bishnoi
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
