CCI clears Zurich Insurance's stake purchase in Kotak Mahindra General!
Wed, Feb 7, 2024 10:15 AM

CCI clears Zurich Insurance's stake purchase in Kotak Mahindra General!

A Flip by Avya Verma
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The CCI has approved Zurich Insurance Company's plan to acquire a 70% stake in Kotak Mahindra General Insurance. The proposed transaction will result in Zurich having a majority stake of 51%, with plans to acquire an additional 19%. This deal required CCI approval, as it oversees unfair business practices and ensures fair competition in the market.

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