Bennett Coleman and Co. Ltd (BCCL) is buying Religare’s entire 44% stake in life insurance joint venture Aegon Religare Life Insurance..BCCL already holds 28 per cent stake in Aegon Religare..Cyril Amarchand Mangaldas is acting for BCCL with a team led by Partner Ashwath Rau. Partner Nisha Kaur Uberoi advised on competition law aspect..Luthra & Luthra acted for Religare while AZB & Partners acted for Aegon..The Luthra team was led by Partner Alina Arora and AZB team was led by Mumbai Partner Essaji Vahanvati..Religare Enterprises’ 44 per cent stake could be valued at about Rs 1,000-1200 crore, valuing the firm at around Rs 2,300-2700 crore, according to Business Standard.
Bennett Coleman and Co. Ltd (BCCL) is buying Religare’s entire 44% stake in life insurance joint venture Aegon Religare Life Insurance..BCCL already holds 28 per cent stake in Aegon Religare..Cyril Amarchand Mangaldas is acting for BCCL with a team led by Partner Ashwath Rau. Partner Nisha Kaur Uberoi advised on competition law aspect..Luthra & Luthra acted for Religare while AZB & Partners acted for Aegon..The Luthra team was led by Partner Alina Arora and AZB team was led by Mumbai Partner Essaji Vahanvati..Religare Enterprises’ 44 per cent stake could be valued at about Rs 1,000-1200 crore, valuing the firm at around Rs 2,300-2700 crore, according to Business Standard.
