SAM, Khaitan, AZB on KKR, Temasek acquisition of 3.9% stake in SBI Life for 1,800 crore

KKR and Temasek Holdings is buying a 3.9% stake in SBI Life Insurance for Rs. 1,800 crore, reports ET.

Deal KKR & Co, Temasek acquire 3.9% stake in SBI Life Insurance
Value  1800 crore
Deal Type M&A
Sector Insurance
Law Firms Shardul Amarchand Mangaldas – SBI Life; Khaitan & Co. – Temasek; AZB & Partners – KKR
Partners/Heads Shardul Amarchand Mangaldas – Sapan Gupta and Roopal Kulshresta; Khaitan & Co. – Aakash Choubey; AZB & Partners – Darshika Kothari (Partner)

Shardul Amarchand Mangaldas acted for SBI Life through a team led by Partners Sapan Gupta and Roopal Kulshresta.

Khaitan & Co. represented Temasek through a team led by Partner Aakash Choubey along with Senior Associate Rohan Singh and Associate Ashima Gulati. The competition law team was led by Partner Avaantika Kakkar along with Associates Dhruv Rajain and Sakshi Agarwal.

Partner Bijal Ajinkya and Senior Associate Surajkumar Shetty advised on direct tax law aspect.

AZB & Partners acted for KKR, through a team led by Partner Darshika Kothari along with Senior Associate Rinki Ganguli and Associate Shwetank Ginodia.

As the fastest-growing life insurance company in the industry, SBI Life’s individual retail business expanded 50% this year.