CCI clears proposed deal to acquire stake in Magma HDI General Insurance by 2 entities

The combination contemplates an acquisition of an effective combined interest of less than 25 per cent, on a fully diluted basis, of the share capital of Magma HDI by IAF S4 I and DIF, acting through SPV-I. Besides, NTH would buy an effective combined interest of less than 10 per cent, on a fully diluted basis, of the company's share capital.

from Banking/Finance-Industry-Economic Times https://ift.tt/3cS2aOm