The Competition Commission of India (CCI) has approved the acquisition of equity share capital in IndiaFirst Life Insurance Company Ltd by the France-based BNP Paribas Cardif.
In other news, the CCI has authorised the indirect acquisition of a majority stake and voting rights in Everllence SE (including its subsidiaries) by funds managed or advised by Bain Capital Investors, LLC. This acquisition involves a share transfer from Volkswagen Aktiengesellschaft (Volkswagen) to the funds of Bain Capital Investors, LLC.