New Delhi: In a recent press release released by the Competition Commission of India, it has approved the proposed amalgamation of Shriram LI Holdings Private Limited with Shriram Life Insurance Company Limited.
The Proposed Combination involves the amalgamation of Shriram LI Holdings Private Limited (SLIH) with Shriram Life Insurance Company Limited (SLIC) (Proposed Combination) and the main objective of SLIH is to undertake investment 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.
"CCI approves the proposed amalgamation of Shriram GI Holdings Private Limited with Shriram General Insurance Company Limited," said CCI on social media platform X (formerly Twitter).
This story has been sourced from PIB.