The Competition Commission of India (CCI) has approved a series of corporate combinations involving the banking, consumer goods and real estate sectors, including stake acquisitions in insurance joint ventures, packaged food company Balaji Wafers, and commercial real estate assets.
The regulator cleared the acquisition of additional shareholding in Generali Central Insurance Company Limited (GCICL) and Generali Central Life Insurance Company Limited (GCLICL) by Central Bank of India. The proposed transaction involves the bank acquiring an additional 1.09 per cent equity in GCICL and 0.82 per cent equity in GCLICL. Central Bank of India provides a range of banking services in the country, including deposit-taking, lending and other financial services. GCICL operates in the general insurance segment, while GCLICL offers life insurance products in India.
In a separate approval, the CCI cleared the acquisition of a stake in Balaji Wafers Private Limited by General Atlantic Singapore BWP Pte. Ltd. (GASBWP) from the existing shareholders of the company. GASBWP, an investment holding company incorporated in Singapore, is affiliated with global investment firm General Atlantic and invests in businesses across sectors such as technology, healthcare, financial services, consumer, climate and infrastructure.
Balaji Wafers is an Indian snack food manufacturer engaged in producing and selling packaged food products, including salted and non-salted snacks, biscuits, ready-to-eat foods and condiments. The company distributes its products through an extensive network of distributors and retailers, with a strong presence in western and central India.
The CCI also approved a proposed transaction involving Bagmane Prime Office REIT, which includes the direct acquisition of Bagmane Developers Private Limited (BDPL) and its wholly owned subsidiary Bagmane Green Power LLP (BGPL). The deal also involves the indirect acquisition of Bagmane Rio Private Limited (BRPL) and the property Luxor @ Bagmane Capital Tech Park from Bagmane Constructions Private Limited.
Under the arrangement, the sponsor group of the REIT and certain third-party shareholders of the target entities will receive units of the REIT in exchange for transferring their shareholding. The target entities are engaged in the development and leasing of commercial real estate, hospitality operations and renewable power generation.
Bagmane Prime Office REIT was registered with the Securities and Exchange Board of India (SEBI) as a real estate investment trust on July 15, 2025.