{"id":319443,"date":"2024-04-04T18:30:47","date_gmt":"2024-04-04T13:00:47","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=319443"},"modified":"2024-04-04T18:12:39","modified_gmt":"2024-04-04T12:42:39","slug":"cci-approves-acquisition-series-proposals-industry-giants","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/","title":{"rendered":"CCI approves 7 major acquisition proposals involving IFC, Piramal, Sharekhan, HCL, MG Motors, and Axis Bank"},"content":{"rendered":"
\n

The fair trade watchdog on 02-04-2024 released a series of press releases approving seven major acquisition proposals which include 100 per cent asset sales of well-known companies.<\/p>\n

The CCI approved the acquisition of fully paid Series C CCPS (‘Subscription Shares’) representing approximately 6 per cent of the total issued and paid up share capital of the target, Northern Arc, an unlisted Indian NBFC, engaged in catering diverse retail credit requirements like lending, distribution and asset management services to under-served households and businesses in India by the International Finance Corporation, a member of the World Bank Group which helps countries achieve sustainable growth by financing investment, mobilizing capital and providing advisory services.<\/p>\n

The fair trade watchdog approved the proposed acquisition of approximately 8 per cent of the share capital and 8.7 per cent of the voting and economic rights along with certain other rights of MG Motor India Pvt. Ltd., an automobile equipment and passenger cars manufacturer and seller also involved in after sale services by IndoEdge India Fund, a contributory determinate trust registered a Category II Alternative Investment Fund registered with SEBI.<\/p>\n

AMG Entities (AM Green B.V, AM Green Ammonia Holdings B.V, AM Green Ammonia B.V and AM Green Ammonia (India) Pvt. Ltd.) newly incorporated entities currently not engaged in any business activities, being funded by 4 entities, namely, Baker Street Investment Pte. Ltd., a Singapore private listed company which is a part of a group of investment holding companies managed by GIC Special Investments Private Limited; Gentari International Renewables Pte. Ltd., a newly incorporated clean energy company controlled by the PETRONAS Group and Platinum Rock B 2014 RSC Limited, a global investor, proposed to acquire 100 per cent shareholding of Greenko ZeroC Private Limited, which is not currently engaged in any revenue generating business in India and the entire assets of Nagarjuna Fertilizers and Chemicals Limited, a public listed company specializing in urea manufacturing and micro irrigation projects, through an asset sale. CCI gave its approval for the transaction on 02-04-2024 with the detailed order to follow.<\/p>\n

Piramal Alternatives Trust (‘PAT’), a fund management business providing customised financing solutions corporates through Piramal Credit Fund along with IndiaRF, a distressed asset investing platform which invests in equity and\/or debt across non-real estate sectors, proposed to acquire 10.39 per cent shareholding of Annapurna Finance Private Limited (‘AFPL’), a classified NBFC micro finance institution providing microfinance to SMSEs in India, got CCI’s nod for the carrying out of the proposal. PAT also proposed subscription to AFPL in the form of certain debentures.<\/p>\n

CCI approved the acquisition of 100 per cent equity stake of Sharekhan Ltd. and Human Value Developers Pvt. Ltd. (‘HVDPL’) collectively by Mirae Asset Capital Markets (India) Pvt. Ltd. (‘MACM’) and Mirae Asset Securities Co. Ltd, (‘MAS’), respectively.<\/p>\n

Sharekhan Ltd. engages in stock broking, commodities\/currency derivatives broking and related products and services along with distribution activities for third party providers, portfolio management and research analysis. HVDPL is an investment holding company that holds certain stake in Sharekhan Ltd. and does not undertake any other business activity. MAS is publicly listed on the Korea Exchange primarily engaging in wealth management, investment banking, sales and trading, and principal investment amongst other activities. MACM is a wholly owned subsidiary of MAS which offers services in broking, advisory, and investment banking to various retail and institutional clients in India.<\/p>\n

CCI approved the subscription of compulsorily convertible preference shares of Pritam International Private Limited (‘PIPL’) by India Advantage Fund S5 I (‘IAF S5 I’), HCL Corporation Private Limited (‘HCL Corp’), Mirabilis Investment Trust (‘Mirabilis’). PIPL is engaged in contract manufacturing and formulations of various products including beauty, personal, home care, fragrance, and pharmaceuticals. IAF S5 I is a category II Alternative Investment Funds with ICICI Venture Funds Management Company Limited as its investment manager. Mirabilis Investment Trust is a registered trust not part of any group.<\/p>\n

CCI also approved the subscription to 14.26 crores equity shares of Max Life Insurance Company Limited by Axis Bank Limited.<\/p>\n

Source:<\/span> Press Release<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Shares have been acquired in Northern Arc, MG Motors, Greenko ZeroC, Nagarjuna Fertilizers, Annapurna Finance, Sharekhan, Human Value Developers, Pritam International Private Limited and Max Life Insurance.<\/p>\n","protected":false},"author":67011,"featured_media":319453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[15971,67221,67229,67239,52129,5461,2505,43683,67222,67225,67236,67231,67238,67235,67228,67220,67218,67164,51780,67219,67237,67232,67233,67226,67217,67223,67227,67241,67224,67234,67230,32601,67240],"class_list":["post-319443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot_off_the_press","category-news","tag-acquisition","tag-amg-entities","tag-annapurna-finance","tag-asset-sale","tag-axis-bank","tag-cci","tag-Competition_Commission_of_India","tag-equity","tag-gentari-international-renewables","tag-greenko-zeroc-private-limited","tag-hcl-corporation","tag-human-value-developers","tag-icici-venture-funds","tag-india-advantage-fund-s5-i","tag-indiarf","tag-indoedge-india-fund","tag-international-finance-corporation","tag-max-life-insurance","tag-mergers","tag-mg-motor-india","tag-mirabilis-investment-trust","tag-mirae-asset-capital-markets","tag-mirae-asset-securities","tag-nagarjuna-fertilizers-and-chemicals-limited","tag-northern-arc","tag-petronas-group","tag-piramal-alternatives-trust","tag-piramal-credit-fund","tag-platinum-rock","tag-pritam-international","tag-sharekhan-ltd","tag-shares","tag-subscription-shares"],"yoast_head":"\nCCI approves series of acquisition proposals of industry giants | SCC Times<\/title>\n<meta name=\"description\" content=\"Fair trade watchdog approved seven acquisition proposals of industry giants like Piramal and Axis Bank\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CCI approves 7 major acquisition proposals involving IFC, Piramal, Sharekhan, HCL, MG Motors, and Axis Bank\" \/>\n<meta property=\"og:description\" content=\"Fair trade watchdog approved seven acquisition proposals of industry giants like Piramal and Axis Bank\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-04T13:00:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/CCI-approves-major-mergers.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"887\" \/>\n\t<meta property=\"og:image:height\" content=\"591\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"CCI approves 7 major acquisition proposals involving IFC, Piramal, Sharekhan, HCL, MG Motors, and Axis Bank\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/\",\"name\":\"CCI approves series of acquisition proposals of industry giants | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/CCI-approves-major-mergers.webp\",\"datePublished\":\"2024-04-04T13:00:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe\"},\"description\":\"Fair trade watchdog approved seven acquisition proposals of industry giants like Piramal and Axis Bank\",\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/CCI-approves-major-mergers.webp\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/CCI-approves-major-mergers.webp\",\"width\":887,\"height\":591,\"caption\":\"CCI approves major mergers\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CCI approves 7 major acquisition proposals involving IFC, Piramal, Sharekhan, HCL, MG Motors, and Axis Bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_4\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CCI approves series of acquisition proposals of industry giants | SCC Times","description":"Fair trade watchdog approved seven acquisition proposals of industry giants like Piramal and Axis Bank","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/","og_locale":"en_US","og_type":"article","og_title":"CCI approves 7 major acquisition proposals involving IFC, Piramal, Sharekhan, HCL, MG Motors, and Axis Bank","og_description":"Fair trade watchdog approved seven acquisition proposals of industry giants like Piramal and Axis Bank","og_url":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2024-04-04T13:00:47+00:00","og_image":[{"width":887,"height":591,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/CCI-approves-major-mergers.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_title":"CCI approves 7 major acquisition proposals involving IFC, Piramal, Sharekhan, HCL, MG Motors, and Axis Bank","twitter_misc":{"Written by":"Editor","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/","url":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/","name":"CCI approves series of acquisition proposals of industry giants | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/CCI-approves-major-mergers.webp","datePublished":"2024-04-04T13:00:47+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe"},"description":"Fair trade watchdog approved seven acquisition proposals of industry giants like Piramal and Axis Bank","breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/CCI-approves-major-mergers.webp","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/CCI-approves-major-mergers.webp","width":887,"height":591,"caption":"CCI approves major mergers"},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/04\/cci-approves-acquisition-series-proposals-industry-giants\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"CCI approves 7 major acquisition proposals involving IFC, Piramal, Sharekhan, HCL, MG Motors, and Axis Bank"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","caption":"Editor"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_4\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/CCI-approves-major-mergers.webp","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":376618,"url":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/24\/cam-advises-lenders-usd-400-million-ecb-piramal-finance\/","url_meta":{"origin":319443,"position":0},"title":"CAM acted as Lenders’ Legal Counsel for USD 400 Million Cross-Border Financing to Piramal Finance Limited","author":"Editor","date":"February 24, 2026","format":false,"excerpt":"Cyril Amarchand Mangaldas acted as lenders\u2019 legal counsel to a consortium of leading global banks on a USD 400 million external commercial borrowing facility extended to Piramal Finance Limited, marking one of the most significant cross-border financing transactions in India\u2019s NBFC sector.","rel":"","context":"In "Law Firms News"","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"USD 400 Million ECB Piramal Finance CAM Advisory","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/USD-400-Million-ECB-Piramal-Finance-CAM-Advisory.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/USD-400-Million-ECB-Piramal-Finance-CAM-Advisory.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/USD-400-Million-ECB-Piramal-Finance-CAM-Advisory.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/USD-400-Million-ECB-Piramal-Finance-CAM-Advisory.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":221480,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/10\/25\/cci-approves-acquisition-of-shareholding-in-aditya-birla-capital-ltd-by-jomei-investments-ltd\/","url_meta":{"origin":319443,"position":1},"title":"CCI approves acquisition of shareholding in Aditya Birla Capital Ltd. by Jomei Investments Ltd.","author":"Bhumika Indulia","date":"October 25, 2019","format":false,"excerpt":"CCI approves acquisition of 4.15% of the shareholding in Aditya Birla Capital Limited by Jomei Investments Ltd. of Combination under Section 31(1) of the Competition Act, 2002 The Competition Commission of India (CCI) approved acquisition of 4.15% of the shareholding in Aditya Birla Capital Limited (ABCL) by Jomei Investments Limited\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":223442,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/21\/three-combinations-get-automatic-approval-under-cci-green-channel\/","url_meta":{"origin":319443,"position":2},"title":"Three combinations get automatic approval under CCI Green Channel","author":"Bhumika Indulia","date":"December 21, 2019","format":false,"excerpt":"The Competition Commission of India (CCI)\u00a0received the following three Green Channel combinations filed under sub-section (2) of Section 6 of the Competition Act, 2002 (Act) read with Regulation 5A of the Competition Commission of India (Procedure in regard to the transactions of business relating to combinations) Regulations, 2011 (Combination Regulations):\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":242525,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/01\/21\/cci-approves-acquisition-of-stake-by-axis-bank-limited-axis-capital-limited-axis-securities-limited-in-max-life-insurance-company-limited\/","url_meta":{"origin":319443,"position":3},"title":"CCI approves acquisition of stake by Axis Bank Limited, Axis Capital Limited & Axis Securities Limited in Max Life Insurance Company Limited","author":"Bhumika Indulia","date":"January 21, 2021","format":false,"excerpt":"The Competition Commission of India (CCI) approves the acquisition of stake by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited in Max Life Insurance Company Limited. Axis Bank Limited provides services in retail banking, which includes retail lending and retail deposits, wholesale banking, payment solutions, wealth management, forex\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":319327,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/03\/cci-approves-axis-bank-equity-max-life-insurance\/","url_meta":{"origin":319443,"position":4},"title":"CCI approves Axis Bank\u2019s subscription to 14.26 Crores equity in Max Life Insurance","author":"Editor","date":"April 3, 2024","format":false,"excerpt":"The fair trade watchdog, Competition Commission of India, approved the subscription of 16.22 per cent equity shares of Max Life Insurance Company by Axis Bank Limited on 02-04-2024. The news of the transaction involving Axis Bank\u2019s stake in the private life insurer\u2019s company was first revealed by the insurer in\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"Axis Bank's equity in Max Life Insurance","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/Axis-Banks-equity-in-Max-Life-Insurance.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/Axis-Banks-equity-in-Max-Life-Insurance.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/Axis-Banks-equity-in-Max-Life-Insurance.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/Axis-Banks-equity-in-Max-Life-Insurance.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":313670,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/10\/khaitan-co-advises-axis-growth-avenues-aif-i-in-acquisition-of-stake-in-national-stock-exchange-of-india-limited\/","url_meta":{"origin":319443,"position":5},"title":"Khaitan & Co advises Axis Growth Avenues AIF – I in acquisition of stake in National Stock Exchange of India Limited","author":"Bhumika Indulia","date":"February 10, 2024","format":false,"excerpt":"DEAL DETAILS Axis Growth Avenues AIF \u2014 I | Acquisition of stake in National Stock Exchange of India Limited Khaitan & Co advised Axis Growth Avenues AIF \u2014 I (an Axis AMC entity) in acquisition of stake in National Stock Exchange of India Limited (\"Company\"), by way of purchase of\u2026","rel":"","context":"In "Law Firms News"","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"National Stock Exchange","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/National-Stock-Exchange.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/National-Stock-Exchange.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/National-Stock-Exchange.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/National-Stock-Exchange.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/319443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67011"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=319443"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/319443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/319453"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=319443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=319443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=319443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}