Trilegal, CAM act on Prism Cements sale of 23% stake in Raheja QBE General Insurance to QBE

After the recent liberalisation of foreign investment in the insurance sector, Prism Cement Limited has sold 23% out of its 74% stake in Raheja QBE General Insurance Company Limited to QBE Asia Pacific Holdings Limited.

The transaction was valued at more than 21 million Australian Dollars.

Trilegal advised Prism Cements on the transaction, whereas Cyril Amarchand Mangaldas acted for QBE.

The Trilegal team was led by Partner Ashwyn Misra, along with Counsel Shamin Shah, Senior Associates Saswat Subasit and Gautam Chawla (Competition Law) and Associate Jeet Chaudhuri.

The team from Cyril Amarchand was led by Partner Leena Chacko, Principal Associate Tirthankar Datta and Saksham Chaturvedi.