Cyril Amarchand Mangaldas acted as legal counsels for Jio Financial Services Limited on a binding agreement with Allianz Group (through its wholly owned subsidiary, Allianz Europe B.V.) to form a 50:50 domestic general insurance joint venture company for carrying on general insurance business (which includes health insurance) in India. The transaction is subject to receipt of statutory and regulatory approvals.
The transaction was led by L. Viswanathan, Partner; and Indranath Bishnu, Partner (Head - Insurance); with support from Kush Wadehra and Anirud Sudarsan R, Principal Associates; and Naman Lodha, Senior Associate.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (CAM) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm’s generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With over 1400 lawyers including 220 Partners, the Firm is a full-service law firm with offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi.
The Firm has been named “Law Firm of the Year 2025” and consistently recognised as “Best Overall Law Firm” by the IBLJ Indian Law Firm Awards. It received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive year in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm also won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.
Picture Source :
