Cyril Amarchand Mangaldas Advised QBE Holdings (AAP) Pty Ltd On Acquisition Of Prism Johnson Limited’s Stake In Raheja QBE General Insurance

Cyril Amarchand Mangaldas advised QBE Holdings (AAP) Pty Ltd on acquisition of Prism Johnson Limited’s stake in Raheja QBE General Insurance

The leading law firm in India, Cyril Amarchand Mangaldas acted as legal counsel to QBE Holdings (AAP) Pty Ltd in connection with the acquisition of the entire shareholding of Prism Johnson Limited in Raheja QBE General Insurance Company Limited, representing 51% of the equity share capital of the company. Upon closing, QBE and its affiliates will hold 100% of the share capital of the company. The closing of the transaction is subject to IRDAI approval and other customary conditions precedent.

The firm advised on the Indian legal and regulatory framework concerning 100% foreign shareholding in an Indian insurance company, including foreign exchange regulations, drafted and advised on the share purchase agreement (SPA), and provided general advisory on obtaining required regulatory approvals for the proposed transaction in India. This marks the first transaction involving 100% foreign direct investment in an Indian insurance company since FDI limits were liberalised earlier in 2026.

The CAM transaction team was led by Indranath Bishnu (Partner), with support from Anirud Sudarsan R (Principal Associate), Shravan Belsare (Senior Associate), and Raajash Kulmi and Saakshi Tibrewal (Associates).

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