New Delhi, March 5 -- The Competition Commission of India (CCI) has approved a series of corporate combinations involving the banking, consumer goods and real estate sectors, including stake acquisitions in insurance joint ventures, packaged food company Balaji Wafers, and commercial real estate assets.
The regulator cleared the acquisition of additional shareholding in Generali Central Insurance Company Limited (GCICL) and Generali Central Life Insurance Company Limited (GCLICL) by Central Bank of India.
The proposed transaction involves the bank acquiring an additional 1.09 per cent equity in GCICL and 0.82 per cent equity in GCLICL.
The Central Bank of India provides a range of banking services in the country, including deposit-taking...