August 18, 2022 23:04 (IST)
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CCI allows Sanoti Properties LLP to buy shareholding in Magma HDI General Insurance Company Ltd

New Delhi: The Competition Commission of India (CCI) has approved the acquisition by Sanoti Properties LLP (Sanoti/Acquirer) of shareholding in Magma HDI General Insurance Company Limited (Magma HDI/Target)

ICICI Venture and Morgan Stanley PE Asia lead a Rs 525 crore transaction in Magma HDI

Mumbai/IBNS: Magma HDI General Insurance Limited (Magma HDI) has announced a transaction, which involves bringing in funds managed by ICICI Venture and Morgan Stanley Private Equity Asia along with the Cyza Chem Pvt Ltd (a Poonawalla Group Company), and two family offices as new shareholders in the Company.