AZB, Trilegal act on HDFC Life acquisition of Exide Life
In India’s biggest insurance deal, HDFC Life acquired Exide Life for ₹6,687 crore
Two Indian law firms played a key advisory role in India’s largest insurance company acquisition deal in which HDFC Life acquired Exide Life Insurance Co.
The deal was valued at ₹6,687 crore (US$915 million).
AZB & Partners, led by Partners Ashwath Rau, Kashish Bhatia and Arvind Ramesh along with Senior Associates Rishikesh Desai and Chitrangda Singh, were the legal advisors to HDFC Life.
The Trilegal team was led by Partners Sridhar Gorthi and Ashwyn Misra along with Counsel Deep Choudhuri and Associates Arunima Singal, Rucha Kolte, Ariba Fahiem, Mayank Jain and Rhea Sampat advised Exide Industries and Exide Life.
The Corporate Governance & Compliance team was led by Rajesh Modani, Principal Consultant; Ashima Chhatwal, Senior Consultant; and Ansif Latheef, Consultant.