Shardul Amarchand Mangaldas & Co represented Bajaj Finserv Limited, Bajaj Holdings & Investment Limited and Jamnalal Sons Private Limited in securing unconditional approval from the Competition Commission of India (CCI) for their proposed acquisition of Allianz SE’s entire shareholding in Bajaj Allianz Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Financial Distributors Limited.

This is set to be one of the largest and most significant transactions in the Indian insurance sector in recent times and was approved by the CCI in record time.

The Competition Team comprised of Partners, Harman Singh Sandhu and Aman Singh Sethi, Senior Associate, Ritesh Puri and Associates, Natalia Bilimoria and Pranika Goel.

The Transaction Team was led by Partners, Shailaja Lall and Akshay Sachthey with support from Principal Associate, Uday Opal (on insurance regulatory aspects), Senior Associate, Poorvisha Jindal and Associate, Nidhi Lakhotia.