The Competition Commission of India (CCI) has approved the acquisition of additional shareholding in Generali Central Insurance Company Limited and Generali Central Life Insurance Company Limited by Central Bank of India.
Under the proposed transaction, Central Bank of India will acquire an additional 1.09% equity in Generali Central Insurance Company and 0.82% equity in Generali Central Life Insurance Company.
Central Bank of India offers banking services such as deposit acceptance, lending, and other financial services, while the two Generali entities provide general and life insurance products in India.