Talwar Thakore & Associates (TT&A) advised Generali on entering into a joint venture partnership with Central Bank of India (“CB”), following CB’s acquisition of 24.91% in Future Generali India Insurance Company (“FGIIC”) for INR 57 crore and 25.18% in FGILIC for INR 451 crores.
As part of the deal, Generali and CB have entered into shareholders agreements and a trademark license agreement, and CB has entered into distribution/corporate agency agreements with FGIIC and FGILIC.
Generali is a long-standing client of TT&A and TT&A has previously advised Generali Group on its step up from 26% to 49% and then the majority acquisition to 74% in the above-mentioned insurance companies.
The transaction involved an interplay of the Indian insolvency framework and insurance law regime and required approvals from various governmental authorities.
The TT&A Team included Joint Managing Partner Kunal Thakore, Partners Christopher & Rebha Dakshini, Senior Associates Chhavi Singhal & Samiksha Kothari and Associate Pranav Mihir Kandada.
The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at chanchal.makhija@thegreymatter.co.in mentioning your firm’s name, lawyers involved (including designation) and client represented.
