AZB Amarchand Platinum Paul Weiss and Freshfields lead on Mitsui Sumitomos acquisition of 26 stake in Max New York Life

AZB Amarchand Platinum Paul Weiss and Freshfields lead on Mitsui Sumitomos acquisition of 26 stake in Max New York Life
Published on
2 min read

Japan’s Mitsui Sumitomo Insurance Company has acquired 26 per cent stake in Max New York Life Insurance Company, a joint venture between Max India and US-based New York Life Insurance, for Rs. 2,731 crore ($530 million) in an all-cash transaction. New York Life Insurance, the current foreign shareholder has completely exited from the JV.

Loading content, please wait...
Bar and Bench - Indian Legal news
www.barandbench.com