The Bharti Group has recently consolidated its control over two entities, Bharti AXA Life Insurance (BALIC) and BMSL, following key acquisitions sanctioned by the Competition Commission of India (CCI). The transactions have led to the full ownership of BALIC by Bharti Life Ventures Pvt Ltd (BLVPL) and BMSL by Bharti Enterprises Limited (BEL), both Indian entities.
BLVPL, which solely invests in BALIC, has acquired a 49% stake in the life insurer from AXA India Holdings. This acquisition has resulted in the Bharti Group's total control over BALIC, making it a wholly-owned subsidiary of BLVPL.
Simultaneously, BEL, a provider of management consultancy services, has purchased a 48.54% stake in BMSL from Societe Beaujon, an AXA subsidiary. This transaction has led to the Bharti Group's sole ownership of BMSL, which has transitioned from consultancy to other income sources over the past two years.
These acquisitions signify a strategic move by the Bharti Group to strengthen its control over both companies. With AXA India Holdings and Societe Beaujon exiting their investments in BALIC and BMSL respectively, the group is now the sole owner of both entities. The transactions underscore Bharti Group's commitment to expanding its presence in the life insurance and management consultancy sectors.
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