Earlier this month, CCI said that it had approved the acquisition of a 70 per cent stake in Kotak Mahindra General Insurance Company by Zurich Insurance Company.
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The Competition Commission of India (CCI) has approved the acquisition of 70 per cent stake in Kotak Mahindra General Insurance Company Limited by the Zurich Insurance Company.
Back in November of the previous year, Switzerland-based Zurich Insurance Group had agreed to acquire a 51% stake in KMGIC for approximately ₹4,051 crore.
The Competition Commission of India (CCI) has approved the acquisition of 70 per cent stake in Kotak Mahindra General Insurance Company Limited by the Zurich Insurance Company.