The Competition Commission of India (CCI) has approved a 26 percent stake transfer in Max New York Life Insurance (MNYL) to Japanese insurance company Mitsui Sumitomo. MNYL is a joint venture between Max India and New York Life. The terms of the transfer call for 16.63 percent from New York Life and 9.37 percent from Max India. Furthermore, New York Life will exit from the venture and Mitsui Sumitomo will control MNYL.
Full content: Business Standard
Related content: Whither Harmonization? India’s Draft Combination Regulations (Christine Wilson, Ellen Jakovic & Aaron Nielson, Kirkland & Ellis)
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Facebook’s Legal Battle Over Data Misuse Disclosure Reaches US Supreme Court
Nov 6, 2024 by
CPI
UK’s CMA Raises Concerns Over Boparan’s Feed Mill Acquisition
Nov 6, 2024 by
CPI
Mexico’s Congress to Vote on Reform Dismantling Energy and Telecom Watchdogs
Nov 6, 2024 by
CPI
Wizz Air Loses Challenge to TAROM’s State Aid in European Court
Nov 6, 2024 by
CPI
EU Probes Visa and Mastercard Over Impact of Payment Fees on Retailers
Nov 6, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI