Khaitan & Co. And Shardul Amarchand Mangaldas (SAM) advised on BNP Paribas Cardif’s acquisition of an approximately 26% stake in IndiaFirst Life Insurance Company from Carmel Point Investment.
BNP Paribas Cardif agreed to acquire an approximately 26% equity stake in IndiaFirst Life Insurance Company from Carmel Point Investments (part of the Warburg Pincus Group), subject to approvals from IRDAI and the Competition Commission of India.
Khaitan & Co advised BNP Paribas Cardif.
The deal team included Shishir Vayttaden, K Aishwarya, Niyati M. Dholakia and Ambreen Rahman, with assistance from Aravind Venugopal (Insurance); Mohit Kishore (Transaction Structuring), Anisha Chand (Competition Law), Nirupam Lodha (Intellectual Property), Vinay Joy (Employment Law) and Supratim Chakraborty (Data Privacy).
Shardul Amarchand Mangaldas & Co advised IndiaFirst Life Insurance Company.
The team was led by Partner Shailaja Lall, supported by Senior Associate Suhaas Arora and Associates Nidhi Lakhotia and Aviral Bhardwaj.
