Mitsui Sumitomo Insurance $592 million acquisition of 21.87% stake in Max Financial Services

25/3/2020

Public acquisition

Value:

$ 592 million

Status:

Completed

Date:

25/3/2020

Overview:

Japanese insurance holding company Mitsui Sumitomo Insurance Company has acquired a 21.87% stake in Max Financial Services, the holding company of Max Life Insurance, for $592 million.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Insurance

Firms:

AZB & Partners

Party: Max Financial Services (Target)

Lawyers: Anil Kasturi, Anisha Shridhar, Niladri Maulik

Cyril Amarchand Mangaldas

Party: Mitsui Sumitomo Insurance Company (Acquirer)

Lawyer: Nivedita Rao

Related deals