The Competition Commission of India (CCI) has approved acquisition of additional shareholding in Generali Central Insurance Company Limited and Generali Central Life Insurance Company Limited by Central Bank of India.
The proposed combination relates to acquisition of 1.09% additional equity in Generali Central Insurance Company Limited (GCICL) and 0.82% additional equity in Generali Central Life Insurance Company Limited (GCLICL) by Central Bank of India.
Central Bank of India is engaged in provision of banking services in India including acceptance of deposits, lending, and provision of allied financial services.
GCICL and GCLICL are engaged in the provision of insurance products in India. GCICL provides general insurance services and GCLICL provides life insurance services in India.
CCI approves acquisition of certain shareholding in Balaji Wafers by General Atlantic Singapore BWP Pte
The Competition Commission of India (CCI) has approved acquisition of certain shareholding in Balaji Wafers Private Limited by General Atlantic Singapore BWP Pte. Ltd.
General Atlantic Singapore BWP Pte. Ltd. (GASBWP) is acquiring certain shareholding of Balaji Wafers Private Limited (Balaji Wafers) on a fully diluted basis from the existing shareholders of Balaji Wafers (Proposed Combination).
GASBWP is an investment holding company incorporated under the laws of Singapore. GASBWP is affiliated with a group of General Atlantic investment funds that provides capital and strategic support to growing businesses across global sectors – technology, healthcare and life sciences, financial services, consumer, climate and sustainable infrastructure, infrastructure and real estate. Its objective is to hold long-term investments in its portfolio companies.
Balaji Wafers is an Indian snack food manufacturing company engaged in the business of manufacturing and sale of packaged foods including salted snacks, non-salted snacks, biscuits, ready-to-eat foods, and condiments. It supplies its products through a wide network of distributors and retailers across India, with a particularly strong presence in western and central India.
CCI approves proposed combination inter alia involving acquisition of certain stake by Bagmane Prime Office REIT of Bagmane Developers and others
The Competition Commission of India (CCI) has approved the proposed combination inter alia involving acquisition of certain stake by Bagmane Prime Office REIT of Bagmane Developers Private Limited and others (directly/ indirectly).
The Proposed Combination envisages: (i) direct acquisition of Bagmane Developers Private Limited (BDPL) [including its wholly owned subsidiary, Bagmane Green Power LLP (BGPL)] by Bagmane Prime Office REIT (Acquirer REIT); (ii) indirect acquisition by the Acquirer REIT of Bagmane Rio Private Limited (BRPL); (iii) indirect acquisition by the Acquirer REIT (through BDPL) of Luxor @ Bagmane Capital Tech Park from Bagmane Constructions Private Limited; and (iv) The Sponsor Group of Acquirer REIT and certain third-party shareholders of the Target Entities will be issued units of the Acquirer REIT, in consideration for the transfer of their shareholding in the Target Entities to the Acquirer REIT. (BDPL, BRPL and BGPL are collectively referred to as “Target Entities”).
Acquirer REIT was registered with the SEBI on 15th July, 2025 as a real estate investment trust under the REIT Regulations.
The Target Entities are engaged in the business of development and leasing of commercial real estate, hospitality business as well as allied services such as generation of power through renewable sources.
