CCI Approves Bharti Group's Stake Acquisitions

08 Nov 2023 CW Team

In Proposed Transaction 1, BLVPL, an entity within the Bharti Group, is set to acquire a 49% stake in BALIC, thereby increasing its shareholding to 100%. This acquisition not only results in a significant increase in BLVPL's stake but also grants it sole control over BALIC. In Proposed Transaction 2, BEL, another Bharti Group entity, is slated to acquire a 48.54% shareholding in BMSL, effectively taking its share to 100%. This acquisition similarly secures BEL's sole control over BMSL.

Both BLVPL and BEL are integral parts of the Bharti Group, contributing to the conglomerate's diverse business portfolio. BLVPL, a privately held company incorporated in India, primarily serves as a holding company and holds its sole investment in BALIC. On the other hand, BEL is a public unlisted company also incorporated in India, primarily engaged in providing management consultancy services.

BALIC, the target company in Proposed Transaction 1, is a public unlisted entity incorporated in India. Its core business revolves around offering life insurance policies to customers. BMSL, the subject of Proposed Transaction 2, is another public unlisted company established in India. Historically, it was involved in providing management consultancy and other consultancy services. However, it is important to note that BMSL has not been operational in the field of consultancy services for the past two years. Currently, its sources of income are diversified, encompassing areas such as rental and interest income.

The CCI's approval for these acquisitions marks an important step in the Bharti Group's strategic initiatives and underscores its commitment to expanding its presence and influence in the insurance and management consultancy sectors in India.

The Competition Commission of India (CCI) has given its green light to the proposed acquisitions involving the Bharti Group. This development pertains to two distinct transactions: the acquisition of a 49% stake in Bharti AXA Life Insurance Company Limited (BALIC) by Bharti Life Ventures Private Limited (BLVPL) from AXA India Holdings (Proposed Transaction 1) and the acquisition of a 48.54% shareholding in Bharti Management Services Limited (BMSL) by Bharti Enterprises Limited (BEL) from Societe Beaujon (a subsidiary of AXA) (Proposed Transaction 2). Collectively, these two transactions are referred to as the Proposed Transaction. In Proposed Transaction 1, BLVPL, an entity within the Bharti Group, is set to acquire a 49% stake in BALIC, thereby increasing its shareholding to 100%. This acquisition not only results in a significant increase in BLVPL's stake but also grants it sole control over BALIC. In Proposed Transaction 2, BEL, another Bharti Group entity, is slated to acquire a 48.54% shareholding in BMSL, effectively taking its share to 100%. This acquisition similarly secures BEL's sole control over BMSL. Both BLVPL and BEL are integral parts of the Bharti Group, contributing to the conglomerate's diverse business portfolio. BLVPL, a privately held company incorporated in India, primarily serves as a holding company and holds its sole investment in BALIC. On the other hand, BEL is a public unlisted company also incorporated in India, primarily engaged in providing management consultancy services. BALIC, the target company in Proposed Transaction 1, is a public unlisted entity incorporated in India. Its core business revolves around offering life insurance policies to customers. BMSL, the subject of Proposed Transaction 2, is another public unlisted company established in India. Historically, it was involved in providing management consultancy and other consultancy services. However, it is important to note that BMSL has not been operational in the field of consultancy services for the past two years. Currently, its sources of income are diversified, encompassing areas such as rental and interest income. The CCI's approval for these acquisitions marks an important step in the Bharti Group's strategic initiatives and underscores its commitment to expanding its presence and influence in the insurance and management consultancy sectors in India.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Infrastructure Urban

22 Oct 2025

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Infrastructure Energy

22 Oct 2025

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..