JSA and Cyril Amarchand Mangaldas (CAM) advised on Allianz–Jio Financial Services insurance joint venture.

Allianz and Jio Financial Services have entered into a binding agreement to form a 50:50 domestic general insurance joint venture in India.

The joint venture will undertake general insurance business, including health insurance, and is expected to commence operations following receipt of statutory and regulatory approvals.

JSA Advocates & Solicitors advised Allianz Group.

The transaction team was led by Partner Venkatesh Raman Prasad and Partner Ronak Ajmera, with support from Partner Shivani Chugh, Partner Ankita Jain, Principal Associate Jatin Talwar, Senior Associate Udit Rao, and Associates Priyanka Priyadarshini and Vidit Parmar.

The Direct Tax team comprised Partner and Head of Practice – Direct Tax Kumarmanglam Vijay and Associate Aditya Patadia.

The Indirect Tax team comprised Partner and Head of Practice – Indirect Tax Manish Mishra, Partner Shareen Gupta, Principal Associate Joybrata Misra and Senior Associate Tanay Vyas.

The Competition Law team comprised Partner Vaibhav Choukse, Partner Ela Bali, Principal Associate Nripi Jolly and Principal Associate Aditi Khanna.

Additionally, Partner Sidharth Sethi, Partner Tony Verghese and Partner Radhika Gupta advised on certain transaction-specific matters.

Cyril Amarchand Mangaldas advised Jio Financial Services.

The transaction was led by Partner L. Viswanathan and Partner and Head – Insurance Indranath Bishnu, with support from Principal Associates Kush Wadehra and Anirud Sudarsan R, and Senior Associate Naman Lodha.