Bharti Axa Life Insurance Ceo Vikas Seth
CCI clears 360 One, Bharti Life Ventures stake buy in Bharti AXA Life
The Competition Commission of India (CCI) on Tuesday cleared a joint proposal of wealth management firm 360 ONE and Bharti Life Ventures to acquire stakes in Bharti Axa Life Insurance Company. Bharti Axa Life Insurance Company is a public unlisted company incorporated in India. It is involved in the business of providing life insurance policies. "Commission approves the acquisition of certain equity shares of Bharti Axa Life Insurance Company Ltd (BALIC) by 360 ONE Private Equity Fund, through its schemes or affiliates (360 Fund)," the regulator said in a release. The regulator has also granted its approval for the subscription of certain equity shares in BALIC by Bharti Life Ventures Pvt Ltd (BLVPL) and 360 Fund, it added. 360 Fund is a Sebi-registered alternative investment fund. It is ultimately owned and controlled by 360 ONE WAM Ltd while BLVPL is the holding company of BALIC, and both of these companies belong to billionaire Sunil Bharti Mittal's Bharti Group. In February,
 "CCI clears 360 One, Bharti Life Ventures stake buy in Bharti AXA Life")
Vikas Seth is the new CEO of Bharti AXA Life Insurance
Prior to joining Bharti AXA, Seth was with the Aditya Birla Group for nearly 10 years, the company said
 "Vikas Seth is the new CEO of Bharti AXA Life Insurance")
