The Competition Commission of India (CCI) has approved the joint proposal by 360 ONE Private Equity Fund and Bharti Life Ventures to acquire equity stakes in Bharti AXA Life Insurance Company (BALIC). This strategic investment aims to strengthen Bharti AXA’s growth trajectory and enhance its market share.
360 ONE Private Equity Fund, a SEBI-registered alternative investment fund owned by 360 ONE WAM Ltd, will acquire equity shares in BALIC through its schemes or affiliates. Simultaneously, Bharti Life Ventures Pvt Ltd (BLVPL), the holding company of BALIC and part of the Bharti Group, will subscribe to additional equity shares in the insurer.
In February 2025, 360 ONE Asset (formerly known as IIFL Asset Management) announced plans to acquire a 15% stake in Bharti AXA Life Insurance through its funds. The investment is intended to accelerate Bharti AXA’s product innovation, expand its distribution network, and better serve the evolving needs of consumers.
This development follows Bharti Life Ventures’ acquisition of AXA’s 49% stake in their joint venture in 2023, resulting in full ownership of Bharti AXA Life Insurance by the Bharti Group.
The CCI’s approval ensures compliance with competition laws and paves the way for the completion of the transaction. The collaboration between 360 ONE and Bharti Life Ventures is expected to bolster Bharti AXA’s position in the competitive Indian life insurance sector.