News and developments

TRANSACTION SUMMARY

The Target Company, as the country’s first IRDAI approved and registered insurance web aggregator, operates a portal at www.myinsuranceclub.com. DSK Legal assisted and advised Religare on the legal aspects of the transaction such as conducting the legal due diligence, transaction structuring, drafting, reviewing, and finalising the definitive agreements for the acquisition of 100% shareholding of the Target Company. The legal due diligence exercise team comprised of Chirag Jain (Principal Associate), Amrita Mehdiratta (Senior Associate), Parikalp Gupta (Associate), and Aankhi Anwesha (Associate). The transaction structuring, drafting, and finalisation of the definitive documents was led by Rishi Anand (Partner) along with Chirag Jain (Principal Associate), and was assisted by Snigdha Prakash (Associate). The acquisition transaction has been reported on the following portals: https://bfsi.economictimes.indiatimes.com/news/insurance/religare-enterprises-to-acquire-myinsuranceclub/99287507 https://www.moneycontrol.com/news/business/mergers-acquisitions/religare-enterprises-to-acquire-myinsuranceclub-10369471.html