Competition Commission of India approves acquisition of additional stake in Niva Bupa Health Insurance

Banking & Finance

Fair trade regulator CCI approved the acquisition of additional stake in Niva Bupa Health Insurance Company by Bupa Singapore Holdings Pte. Bupa Singapore Holdings is a shareholder of Niva Bupa and a subsidiary of international healthcare group The British United Provident Association Limited (Bupa). Niva Bupa Health Insurance offers insurance policies in India, while Fatal Tone LLP is owned by private equity firm True North Fund through a special purpose vehicle (SPV) set up between Bupa Singapore Holdings (acquirer) and Niva Bupa (target). Apart from Bupa's existing interests, there are no horizontal overlaps, vertical overlaps or complementary businesses between the acquirer/Bupa and the target. According to an update on the competition watchdog's website, "The transaction is to be notified under the green channel route." has been reported to the fair-trading regulator. ​


     

     

     

 

     


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