CCI Approves Amalgamation of Shriram LI Holdings

  • The Competition Commission of India (CCI) has approved the proposed amalgamation of Shriram LI Holdings Private Limited with Shriram Life Insurance Company Limited.

SLIH

  • It is involved in the investment business.

SLIC

  • It is a life insurance company, registered with IRDAI.
  • It is part of the Shriram Group of Companies.
  • It is engaged in contracts of insurance upon human life, developing and marketing products in the life insurance business, unit-linked life insurance products and any other activity within the Insurance Act, 1938.
Posted in Current Affairs.