{"id":21857,"date":"2024-10-15T22:37:06","date_gmt":"2024-10-15T17:07:06","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=21857"},"modified":"2024-10-15T22:37:06","modified_gmt":"2024-10-15T17:07:06","slug":"cci-approves-the-proposed-acquisition-of-24-91-shareholding-in-future-generali-india-insurance-by-central-bank-of-india","status":"publish","type":"post","link":"https:\/\/new.matribhumisamachar.com\/en\/2024\/10\/15\/cci-approves-the-proposed-acquisition-of-24-91-shareholding-in-future-generali-india-insurance-by-central-bank-of-india\/","title":{"rendered":"CCI approves the proposed acquisition of 24.91% shareholding in Future Generali India Insurance by Central Bank of India"},"content":{"rendered":"<p style=\"text-align: justify;\">Competition Commission of India has approved the proposed acquisition of 24.91% shareholding in Future Generali India Insurance and 25.18% shareholding in Future Generali India Life Insurance by Central Bank of India.\u00a0The proposed combination envisages acquisition by Central Bank of India of 24.91% equity stake in Future Generali India Insurance Company Limited (<strong>FGIICL<\/strong>) and 25.18% equity stake in Future Generali India Life Insurance Company Limited (<strong>FGILICL<\/strong>) through bid\/resolution plan submitted by Central bank of India under Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.<\/p>\n<p style=\"text-align: justify;\">Central Bank of India is a scheduled commercial bank.<\/p>\n<p style=\"text-align: justify;\">FGIICL is a general insurance company. It provides personal insurance, commercial insurance, social &amp; rural insurance\u00a0<em>etc<\/em>.<\/p>\n<p style=\"text-align: justify;\">FGILICL is a life insurance company. It provides savings insurance, investment plans (ULIP), term insurance plans, health insurance plans, child plans, retirement plans, rural insurance plans and group insurance plans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Competition Commission of India has approved the proposed acquisition of 24.91% shareholding in Future Generali India Insurance and 25.18% shareholding in Future Generali India Life Insurance by Central Bank of India.\u00a0The proposed combination envisages acquisition by Central Bank of India of 24.91% equity stake in Future Generali India Insurance Company Limited (FGIICL) and 25.18% equity [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":106422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52905],"tags":[],"class_list":["post-21857","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national"],"_links":{"self":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/21857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/comments?post=21857"}],"version-history":[{"count":0,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/21857\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media\/106422"}],"wp:attachment":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media?parent=21857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/categories?post=21857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/tags?post=21857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}