Shardul Amarchand Mangaldas & Co. advised Edme Services Private Limited, part of Samara Capital Group and an affiliate of Samara Alternate Investment
Fund in the acquisition of entire stake in Aditya Birla Insurance Brokers Limited (ABIBL) from Aditya Birla Capital Limited and Infocyber India Private Limited, for a consideration based on an enterprise value of Rupees Four Thousand Five Hundred and Fifty Million on a cash free and debt free basis. The consummation of the transaction is subject to the approval of Insurance Regulatory and Development Authority of India (IRDAI) and other statutory/regulatory approvals.
The Transaction team comprised Jay Gandhi, Partner, Rohan Jain, Partner, Kshitij Arora, Senior Associate, Shrutika Lakhotia, Associate. The team advising on insurance and regulatory aspects of the transaction included Anu Susan Abraham, Partner, Arush Upmanyu, Principal Associate and Anupam Choudhary, Senior Associate.
The due-diligence team comprised Jay Gandhi, Partner, Anu Susan Abraham, Partner, Rohan Jain, Partner, Arush Upmanyu, Principal Associate, Anupam Choudhary, Senior Associate, Karuna Sharma, Senior Associate, Kshitij Arora, Senior Associate, Christina Shaju, Associate,
Harshita Saraf, Associate, Neeti Amin, Associate, Samyukta Shetty, Associate, and Shrutika Lakhotia, Associate.
About Shardul Amarchand Mangaldas & Co.:
Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance, and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 776 lawyers including 161 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.
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