CCI approves acquisition of additional shareholding of Acko Technology & Services Pvt Ltd. by General Atlantic Singapore ACK Pte. Ltd

The Competition Commission of India (CCI) has approved the acquisition of additional shareholding in Acko Technology & Services Private Limited by General Atlantic Singapore ACK Pte. Ltd. on a fully diluted basis, crossing the 25 percent threshold through a rights issue. General Atlantic Singapore ACK Pte. Ltd. is an investment holding company incorporated in Singapore and affiliated with General Atlantic investment funds. Acko Technology & Services Private Limited is an Insure-tech company incorporated in India with three wholly-owned Indian subsidiaries: Assurelink, Acko General Insurance, and Acko Life Insurance. The transaction falls under the regulatory purview of India's competition authority.