CCI approves amalgamation of Shriram LI Holdings Private Limited with Shriram Life Insurance Company Limited!
Economy Business
SLIC is a life insurance company, registered with IRDAI. SLIC is a part of the Shriram Group of Companies and is engaged in the business of effecting contracts of insurance upon human life, develop and market a variety of products in life insurance business, unit linked life insurance products and any other activity within the ambit of provisions of Insurance Act, 1938.
The Proposed Combination involves the amalgamation of Shriram LI Holdings Private Limited (SLIH) with Shriram Life Insurance Company Limited (SLIC) (Proposed Combination).
The main objective of SLIH is to undertake investment business.
The Competition Commission of India (CCI) has approved the proposed amalgamation of Shriram LI Holdings Private Limited with Shriram Life Insurance Company Limited.
About CCI (Competition Commission of India):
Founded: 14 October 2003
Commission executives: Ravneet Kaur IAS, (Chairperson); Jyoti Jindgar Bhanot, (Secretary)
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