The greenlight covers (i) the acquisition of certain equity shares in BALIC by 360 ONE Private Equity Fund, through its schemes or affiliates, and (ii) the subscription of additional shares in BALIC by both 360 ONE and Bharti Life Ventures Private Limited (BLVPL).

As part of the transaction, 360 ONE will first acquire equity shares from BLVPL, followed by a joint subscription of shares by both entities.

360 ONE Fund is registered with SEBI as a Category II Alternative Investment Fund and is managed by 360 ONE Alternates Asset Management Ltd, a subsidiary of 360 ONE WAM Ltd.

BALIC, an unlisted public company engaged in life insurance services, is part of the Bharti Group. BLVPL, the holding company of BALIC, also falls under the Bharti umbrella.

The CCI’s approval paves the way for capital infusion and strategic collaboration between the investment fund and the Bharti Group. The detailed order will be released in due course.