Our People

Some of the key assignments in these areas handled by Shivangi amongst others, cover the following:

Insurance Deal Experience

• Vidal Healthcare Services Private Limited and its group entities, on its acquisition by Bajaj Finserv Health Limited.
• Norwest Capital, LLC on its investment in Edme Services Private Limited (a fully professionally managed entity set up by Samara Alternate Investment Fund – Scheme I for undertaking the acquisition of Aditya Birla Insurance Brokers Limited.
• Serum Institute of India in relation to majority acquisition of Magma HDI Insurance Company Limited.
• Vidal Health Insurance TPA Private Limited and Vidal Healthcare Services Private Limited in the acquisition of Vipul Medcorp and Vipul Medcare.
• Bajaj Finserv Limited in relation to their joint venture arrangements with Allianz Group in both life and general insurance companies.
• Prudential International Insurance Holdings Limited on its stake increase in DHFL Pramerica Life Insurance Company Limited from 26% to 49%.
• Willis Towers Watson in restructuring of its actuarial business in India.
• HDFC Standard Life Insurance Company on the proposed amalgamation with Max Life Insurance Company Limited.
• One97 Communications Limited in the proposed acquisition of Raheja QBE General Insurance Company Limited, from Prism Johnson Limited (a Raheja Group company) and QBE, Australia.
• Mitsui Sumitomo Insurance Company in relation to the acquisition of shares held by Murugappa Group, in Chola MS General Insurance Company.
• Willis Towers Watson in relation to the acquisition of shares in Almondz Insurance Brokers Private Limited.
• Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company in relation to their strategic investment in Janalakshmi Financial Services Limited.
• Bajaj Allianz Life Insurance Company Limited in relation to their strategic investment in RGVN (North East) Microfinance Limited.

Insurance Regulatory Experience

• Regulatory and structuring advisory to funds, strategic investors, insurtechs to set up insurance companies and insurance intermediaries, drafting of applications and obtaining approvals from the Insurance Regulatory and Development Authority of India.
• Drafting of outsourcing and corporate agency agreements, for multiple insurance companies and insurance brokers with a specific emphasis on compliance with the IRDAI regulations.
• Advised insurers, reinsurers and intermediaries on legal and regulatory issues including regulatory framework remuneration arrangements and “group” arrangements.
• Advice on setting up reinsurers and insurance intermediaries in the GIFT City.
• Advice on commission structure, marketing arrangements and payment arrangements to insurance agents and point of salepersons.

Other Deal Experience

• Reliance Industries Limited in a strategic joint venture with Disney valued at US$ 8.5 billion, combining the businesses of Viacom18 Private Limited and Star India Private Limited, including an investment of US$ 1.4 billion by Reliance Industries Limited.
• Willis Towers Watson and WTW Global Delivery Solutions India Private Limited, on the India leg of the global security transaction between Willis Towers Watson Public Limited and Arthur J. Gallagher & Co.
• Leap Technologies Private Limited in acquiring GB Education Private Limited.
• Peak XV Partners(formerly Sequoia Capital) on its investment in Freightify along with TMV, Alteria Capital, Blume Ventures, Nordic Eye Venture Capital, and Motion Ventures.
• Flipkart in the relation to the acquisition of NG Pay, a mobile payment solution.
• Everstone Capital Advisors in relation to the acquisition of a majority stake in Serviont Global Solutions Limited.
• GTI Capital Holdings Private Limited in its investment in the capital of Webklipper Technologies Private Limited.