CCI clears proposed deal to acquire stake in Magma HDI General Insurance by 2 entities

The combination contemplates an acquisition of an effective combined interest of less than 25 per cent, on a fully diluted basis, of the share capital of Magma HDI by IAF S4 I and DIF, acting through SPV-I. Besides, NTH would buy an effective combined interest of less than 10 per cent, on a fully diluted basis, of the company's share capital.

source https://economictimes.indiatimes.com/industry/banking/finance/insure/cci-clears-proposed-deal-to-acquire-stake-in-magma-hdi-general-insurance-by-2-entities/articleshow/83616269.cms