Aviva International Holdings Limited
CCIC-2026/05/1429
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 of Combination
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Summary of the Combination under sub-regulation 2 of Regulation 13 of the Competition Commission of India (Combinations) Regulations, 2024 as amended
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A. Name of the Parties to the Combination
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- The names of the parties to the combination are:
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- a. Aviva International Holdings Limited (“ AIH ” / “ Acquirer ”);
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- b. Aviva Life Insurance Company India Limited (“ Aviva India ” / “ Target ”);
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Together, AIH and Aviva India are referred to as the Parties .
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B. Nature and Purpose of the Combination
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- The proposed combination is an ‘acquisition of shares’ of an additional 26% of the issued and paid-up equity share capital of the Target by the Acquirer / AIH from its existing joint venture partner, Dabur Invest Corp (“ Dabur ” / “ DIC ”) (“ Proposed Combination ”) pursuant to increase in permissible foreign investment limit in the insurance sector from 74% to 100%. The Proposed Combination involves acquisition of 56,93,74,000 equity shares of Aviva India by
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