General Atlantic Singapore ACK Pte. Ltd. · 16 Jun 2026
CCI competition order · 16 Jun 2026
Summary
Check the official recordWhat changed
General Atlantic Singapore ACK Pte. Ltd. proposes to acquire additional shares in Acko Technology & Services Private Limited. This transaction increases the shareholding of the acquirer to more than 25 percent on a fully diluted basis. The acquisition constitutes a combination under Section 5(a)(i)(A) of the Competition Act. The parties state that the transaction does not cause an appreciable adverse effect on competition in India. The business activities of the parties include investment holding and the provision of insurance and insure-tech solutions. The Competition Commission of India reviews the proposed combination to assess its impact on relevant markets including general insurance, life insurance, and insure-tech solutions.
What you must do
- The parties must notify the proposed combination to the Competition Commission of India.
Who is affected
- General Atlantic Singapore ACK Pte. Ltd.
Document text
SUMMARY OF THE PROPOSED TRANSACTION Under sub-regulation (2) of regulation 13 of Competition Commission of India (Combinations) Regulations, 2024.
Name of the parties to the combination
- The parties are: a. General Atlantic Singapore ACK Pte. Ltd. (GASACK / Acquirer) and b. Acko Technology & Services Private Limited (Acko Tech).
A. Nature and purpose of the combination
- Pursuant to proposed corporate actions by Acko Tech, GASACK may acquire additional shareholding of Acko Tech leading to its total shareholding crossing 25% on a fully diluted basis (Proposed Transaction). The Proposed Transaction is in the nature of an acquisition of shares and is notifiable under Section 5(a)(i)(A).
B. Products, services and business(es) of the parties to the combination; and
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GASACK: GASACK is an investment holding company incorporated under the laws of Singapore. GASACK is affiliated with a group of General Atlantic investment funds that provides capital and strategic support to growing businesses across the following global sectors - technology, healthcare and life sciences, financial services, consumer, climate and sustainable infrastructure, infrastructure and real estate. Its objective is to hold long-term investments it its portfolio companies.
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Acko Tech: Acko Tech is a leading Insure-tech company in India. Acko Tech has 3 wholly owned subsidiaries in India, Assurelink, Acko GI and Acko Life. Acko GI and Acko Life are licensed general (non-life) and life insurance providers, respectively. Assurelink is awaiting Corporate Agency License from the IRDAI to engage in the business of distribution of insurance policies in India. Acko Tech also has investments in other entities.
C. Respective markets in which the parties to the combination operate, shall be filed for the purpose of publishing the same on the website of the Commission.
- The proposed transaction does not present any competition concerns nor leads to any appreciable adverse effect on competition, irrespective of the manner in which the relevant market is defined. However, should the Hon’ble Competition Commission of India feel the need to delineate a relevant market for its competition assessment, the following relevant markets may be delineated: (a) market for general insurance in India; (b) market for life insurance in India; (c) market for Insure-tech solutions in India; (d) market for services of real estate brokers / agents in India; and (e) market for provision of society / gated community management services in India.
Source details
- Source
- Competition Commission of India
- Type
- competition order
- Published by source
- 16 Jun 2026
- Issuing division
- Competition Commission of India
- Coverage area
- competition-law