CCI Approves Amalgamation of Shriram LI Holdings with Shriram Life Insurance

Current Context: On 16th January 2024, The Competition Commission of India (CCI) has approved the proposed amalgamation of Shriram LI Holdings Private Limited with Shriram Life Insurance Company Limited.

• The main objective of Shriram LI Holdings Private Limited (SLIH) is to undertake investment business.
• Shriram Life Insurance Company Limited (SLIC) is a life insurance company, registered with IRDAI.
• SLIC is a part of the Shriram Group of Companies and is engaged in the business of effecting contracts of insurance upon human life, developing and marketing a variety of products in life insurance business, unit-linked life insurance products and any other activity within the ambit of provisions of Insurance Act, 1938.

Question:

Q.1 What is the main objective of Shriram LI Holdings Private Limited (SLIH)?
a. To undertake insurance business
b. To undertake investment business
c. To undertake marketing business
d. To undertake manufacturing business