Skip to main content

Cyril Amarchand Mangaldas has advised U.S. private-equity firm Carlyle Group on its purchase of a 9 percent stake in India’s SBI Life Insurance Ltd from France’s largest-listed bank BNP Paribas, which was counselled by AZB & Partners.

Following this transaction, BNP’s stake in the Indian insurer will be 12.8 percent, while State Bank of India will remain a majority shareholder with a 62.1 percent stake, according to Reuters. It added that the deal amount was estimated at $653 million.

The AZB & Partners team was led by partners Rajendra Barot, Arvind Ramesh and Harsh Maggon.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

UK’s Seladore Legal eyes SG office as it adds new partner

Seladore Legal, a London-based disputes-only law firm, has announced the appointment of Liang-Ying Tan as a partner, signalling its intent to establish a presence in Singapore.

ALB EXCLUSIVE: Innovation, reform reshaping arbitration in ASEAN

As the world grows increasingly interconnected, the demand for effective mechanisms to resolve cross-border disputes has never been more urgent. International arbitration has long stood as a cornerstone of global commerce, providing a neutral, efficient, and enforceable means for resolving disputes between parties.

Japan’s Nagashima Ohno to open London office

Leading Japanese law firm Nagashima Ohno & Tsunematsu (NO&T) has announced plans to establish its first permanent European presence with a new office in London, set to open in January 2025.