TT&A advised Generali Participations Netherlands (“Generali”) that entered into a joint venture partnership with Central Bank of India (“CB”), following CB’s acquisition of 25.18% in Future Generali India Insurance Company (“FGIIC”) for INR 57 crore and 24.91% in FGIIC for INR 451 crores. As part of the deal, Generali and CB have entered into shareholders agreements and a trademark license agreement, and CB has entered into distribution/corporate agency agreements with FGIIC and FGLIC.

Generali is a long-standing client of TT&A and TT&A has previously advised Generali Group on its step up from 26% to 49% and then the majority acquisition to 74% in the above-mentioned insurance companies. The transaction involved an interplay of the Indian insolvency framework and insurance law regime and required approvals from various governmental authorities.

TT&A Team – Kunal Thakore – Joint Managing Partner; Deepa Christopher & Rebha Dakshini – Partners; Chhavi Singhal & Samiksha Kothari – Senior Associates and Pranav Kandada – Associate