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Qraiar umicr Scctima 3}L§ ig uf thc: C0m§ctii.i¢.m Act: 2_Q_Q§; 3, Ou EA Ph ?~¤iiaay, 2653, thc €LTumpci·iti<m Ccmmisaicua uf india (iacrcinuiiar resiérmsi tu as the "C<>mmissim;"} rcccivcd Z1 notice under sub escci§c--u {2} cf iiactium 6 of thc Ceampctixiezxx Act, 2{X}2 {`h.crcims&e:r ra2fc1'1·cd iu the °'Act"} of gzwpuscd cuzzfuizaaaiiuza given by Mitsui Sumitomo hsumzicc Company Limiusd { §1crci11zs.ficz· !`€&}£'§"€°3f.i tu as '"M§£$u§ Sumimmaf}, Maxx india Limited {}1<m:=:im2E"¥.c:r m§'·::u'cd. as "M:zm Emiixf} amd Max Naw York Life: imzuifzuwc C¢;>mpzm.§,= §Q,ir:·1itcd (hcrci11&ftc<r raicrrcd tu as '"MNYL"} {hctccimaAi}'ca· Mitsui Sumiicuzma, Max india amd 1\W"x'"}L, usc c0i§<zc*;ivc§y m·fcr:'c<ii to as me "p;z:·t§cs in the c<>:nhi:·:za~iiu¤¤"}.

Thai pmpuscci c0mbimu.iun miatazs tc thc: a<;quAisi£i0u of 26 par ccmt equity sham ¤:ap.i'm¥ cf MNYEQ, by Miami 'Sumii·;>mu `&`€`llT} New Yuck Lifc Euicruaatiumai §·§u¥<i§ng$ Limiiud {E1crcimai'i¢2a· mfcrrcd zu as "New Ym~§¢; L§f~::"} and Max {miie; pursuam tu the Sham ?u:?cEmsc !t\§1`E€!Yl§51'§{S Qixcscimaiicr rcfcwcd iu "S}?*As"'), kwsziwccn Max india, Mitsui Sumitomo Sa AMN"\"'iQ, and bctwccn New `x'0x¢}< Liié iinicrpziccs A§L,Qi.,¢IZ?, New Y0r§< Liic, Miisui Sumitomo & I\»iNYL, buth cxccumd on Aprii 32, 2(}iEi. As pc? the and cictzzuiis pmvidccd in th: matics Mitsui Sumitcmm wiii acquérzz 'i6.<53 pc? cam equity siazarc capital of MNYL from New York Lifcr and Q.}? per cam ¤f}·0z·n Mzxx Indian mspccciivuiy. New York Life, by way 0{'Z2 scpmsxtc agg;'c·s1·ncm azxczcuicci uu Aprii E2, HMB, iz: sciiiaug 9,37 par cunt Simms in EvH*··i'y'L to Ywiux Emiiaa Subscqucni tu ihe: pmpuscd c0:nbizmiiu11, Y`m'i< Life would cumpbrziclgs cxit {hum MT*~EYL and Max Emiiu amd Mitsui Sumimmu would cemtml FvH'¢E`§' L with Mitsui Sumikmm hcwiug 26 per cam; sharcimlding. it has `mzeu statczd in the; uuticc that post <:.um¥;>iuati;m, the simrchuiéiug uf utimzr sixamixuichars in MNYL would remain unchzmgcd with Max india bcing ihc iargcsi. si;:;zz·ch0 iaicr hmidiug 6508 pszrcstm of cqui¤Ly zhmc capita? of M`N'x'L. it hams aim thai ? -- » =''`` V»,A '

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ss the ecquisitiee ef Q.3? per cent equity shares ef MNYL by india fren} New Yerk Life is severed ¤.m¢:§er Ceiegmsy 2 ef Schedule I ef the Cempeiitim Cc»mmiss·§<m efimiie. (Pmcedure in regsxd ie the imzzssetien ef Emsimess missing te combinations) Regxzsistien, 2821 `hereina&e1· reiexsed ie ss Wiembisstiee Re¤¤z§s€§s;ns"B, iherefere, in seams ef 5 as . ,

Reguiastiee 4 efthe Cembizaatimx Reguieiiess, notice in respect of such ecquiskien need sc»t11e1·meily he shed.

3e The are assed ccmbirsaiiem felis unset seetien S";1'3 ofthe Act, i I

fa, Mitsui Szmxiieme is s ee·m4;;>es';y izzemgxesrsted under €he §ews eiiepen, Mitsui Sumimme aim with its subsidiaries is meiraiv ensesied in revidizw neu-Eife irxsuxamceeeisted .·» •..· .. 2}

;is·eduei.s ami services £§2z·mzgE·1eu$ the werid. it hes been stated in the swiiieze that Mitsui Sumiiemm is net ssezi in the Me §12sm'zm<;;e sector in §fr1die.Mitsui Eemiieme is nresem Q .

in indie, emy ii1rc»ugh its izwestmems is Cii'§G{&FY1&H§§E§3IR~}x'$S Ensuramee Ccmzxgnsey §Q,i¤·z§ted, ejeim venture between she E'v§"uruggs.p;>e end Mitsui Sumiteme is whieh Mitsui Sumiteme heiss 26 percent equity shares, and in Chekamzznaisienzs----»N§S Risk Services Limited, s. $5:50 ieimi vesviure heiwees me Memes es erm: and Miisei ` . P; .,

Smniieme. {She?emen<ie§em~M`€S Genemi ;l'15§.li'£i1'1C€ Cempssy i,»im§ieai is engaged genera! imsmzmce `busismess is {miie. Ch0§smendeEsm----ME§ Risk Services Limited eugsged in me risk mamzsgemeut 8; engineering seietieus in the Reiss ez" heels; end emrimnmeni.

5. Mex {miie, s listed easmpeny i!`1€.iG§`§Oi`€3;{€d under the {Iempemies Ac;¥,, EQ56, the heldieg eempemy MMNYL, Mex indie Lhz·0ugi'1 its subsidiaries is meiniy engages? is the business ef life insummze, heeish care, heeE&E1ir1sazre:2ee, ciimical research em. fig EVi?~é`¥{E_,,s an zmlisied pubiic iimited ee1npeny incesxgmrsted under the Companies Ami, 159+56, e jeim vemwre `eeiween Mex indie amd New York Life. M?*€Y L is engaged in pmviding Eife insurance serviaées in indie.

Y. The proposed e.embms.ti0e 1·eIetesm me iususezaee seeier in indie. The iusmmzee seater is indie can be bmesdiy divides inte {ER: insmzxmze, geueysi amd `·*Y?a@LE··- ev F

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ieinsiimnce business, There sie prcscntiy fifty insuramcc ccmpsnies which have been grsnieii icgistrsticn fm csiiyiiig iitsitizssitcc business in india, comprising tweiity four iift: insurance ecinpsnies, twenty five ntnniifc insurszitze cmnpsnies sud site i'e--insi.i1·s,m:e cmnpsny. i?ui·tiier, insmsnee sectnr in india is primmviiy ieguiittizci by the ERLBA, wizicii cc:1'tmis the entry sm} invcstmcnt inm insurance sector in india incziuding granting certiiicsie rcgisiistimi fos csiiyiiig cn iiisursitce btisinssass in india, iaiunciw of new precincts? ptcmimn stmctt11·»=:, investment ni? fiincis eic. As pci ans spgsiicsbie isws, _ presently, foreign tiiiect investment {HB2} up in iwcnty six percent is siiicwed in the insurance sects? under the sutmnstic mute.

3. The insurance sciztci in imziie is higiiiy fi·sg:i'i+.z:;ite:.i with the presisnec ¤i`iTnrty--twc privaie pisyets in iife and insutitnce biisiness siisring smcng titeinscives airtninei 3*3 pei? een}: cf ine rnaiket share in iiie iiisixnznitze and smnnii si pei of im market share in genesis} inszirzmce seems?. in tenns of mts} preniiiuni incense for ine year Etii U~i i, the tcp five ccmpzmiss in the his iiistinszice iiusiiicss in ittaiis. aiceeunt fair sppmxinmtsiy per cent ef the business. Witiic, LEC is inc: isrgest pisyei with sppi·c>;imsta1=i5> 5933 pci cent insxket share, the market siizire of i\»ii*~£YL in the iife insuramze industry cniiy pet cent. Siimiisriy, in the genersi insi.1mnc;e business, terms si? direct preiniuni incemc for the year 2GiO~i the tcp five companies s.ecm.nit sppi`cxii·iietc§y= iii? per cent niarkct shares time msiiaei siisre ef {]imisznan<isisni~i~iS Gcncrsi insusieiicc Cmnpsny Limited isjust 2.27 per cent, which is sisc insigaiiikzmt.

9. it ctiiserveii that Miistii Suiniteme sits MNYL sn: not siigsged in pmviiiiiisg siiniisi cr identical 0;* sixbstiiutsbic services in iziciist Witiic, i*~iN\"`iQ, is engaged in gpuividing iife insurance services in india, Mitsui Sumitcnw is nci ciigsged in pycvitiiiig life insurance: services in imiis. As ztimstiy stated, pest ccinbixistimi, ivisx inciiti wmiici ccntsimie tc mid €39."7S pcciceiit a>i`ctiiii1'y sham capita} ci? i\#iN`t{i.. ami New "i'<;¤i·i; Life wmiiti be itepiinzted by Mitsui Smniicmc as zi joint venture partner nf i\»'is:»; india with percent siisieheiding in Mi\EYL, Ftutiieig taking ism sccmmt the inesencte sf isrge znintkser ef players in bntii the iifc iiistxmiisze and genera? insursziee seems anti irisigniiicsiit mzzrket share ni M.N'i'.L in , .`--·- ~ :>?2§£??i€§i"`T?>~»

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