Cyril Amarchand Mangaldas Advised Peak XV On Acquisition Of Stake In Plum Benefits
Cyril Amarchand Mangaldas advised Peak XV on acquisition of stake in Plum Benefits
the leading law firem in india, Cyril Amarchand Mangaldas advised Peak XV Partners Growth Investments IV on the acquisition of a stake in Plum Benefits Private Limited, April 08, 2026, Mumbai. The transaction comprised the subscription to new compulsorily convertible preference shares issued by Plum Benefits Private Limited and the acquisition of existing compulsorily convertible preference shares from certain existing shareholders of Plum Benefits Private Limited.
The Firm also advised on various transaction documents and the regulatory framework governing Plum Benefits Private Limited and its subsidiary, Plum Benefits Insurance Brokers Private Limited, an insurance broker registered with the Insurance Regulatory and Development Authority of India.
The Cyril Amarchand Mangaldas team was led by Anu Tiwari (Partner, Head - Fintech and Financial Services) and Pranjita Barman (Partner), with support from Ayushi Agrawal (Senior Associate) and Shravan Belsare (Senior Associate), along with Subhalaxmi Hota (Associate) and Raajash Kulmi (Associate).
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