DSK Legal advises Religare Enterprises in acquisition of 100% shareholding of MIC Insurance Web Aggregator from iGear Holdings

LE Desk

New Delhi, April 13, 2023: DSK Legal has advised Religare Enterprises Limited in relation to its acquisition of 100% shareholding of MIC Insurance Web Aggregator Private Limited from iGear Holdings Private Limited, an Indian Express Group entity, the Law Firm has said.

DSK Legal assisted and advised Religare on the legal aspects of the transaction such as conducting the legal due diligence, transaction structuring, drafting, reviewing, and finalising the definitive agreements for the acquisition of 100% shareholding of the Target Company, the Firm said in a press statement.

The legal due diligence exercise team comprised of Chirag Jain (Principal Associate), Amrita Mehdiratta (Senior Associate), Parikalp Gupta (Associate), and Aankhi Anwesha (Associate).

The transaction structuring, drafting, and finalisation of the definitive documents was led by Rishi Anand (Partner) along with Chirag Jain (Principal Associate), and was assisted by Snigdha Prakash (Associate).

With this acquisition, Religare aims at expanding its foothold in the insurance distribution space, the statement said.

The Target Company, as the country’s first IRDAI approved and registered insurance web aggregator, operates a portal at www.myinsuranceclub.com.