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Cyril Amarchand Mangaldas advises Axis Bank on acquisition of additional 6 23% stake in Max Life for INR 1,612 crore [Business Wire India]

Cyril Amarchand Mangaldas advises Axis Bank on acquisition of additional 6 23% stake in Max Life for INR 1,612 crore [Business Wire India]
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Cyril Amarchand Mangaldas advises Kotak Mahindra Bank on Rs 537 crore acquisition of Sonata Finance

Mumbai (Maharashtra)/ New Delhi [India], March 3 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised Kotak Mahindra Bank Limited (Kotak), in relation to the acquisition of Sonata Finance Private Limited (Sonata), a Non-Banking Finance Company - Micro Finance Institution registered with the Reserve Bank of India for an aggregate amount of Rs 537 crore (approx.). The General Corporate, Finance, and Financial Regulatory Practices of Cyril Amarchand Mangaldas advised Kotak for the transaction. The transaction team was led by L. Viswanathan, Partner (Chair - Finance, Projects & Insolvency); Indranath Bishnu, Partner; Pranjita Barman, Partner; with support from Anirud Sudarsan R, Senior Associate; and Ayushi Agrawal, Associate. The Due Diligence team was led by Pranjita Barman, Partner; with support from Anirud Sudarsan R, Senior Associate; Niyati Dholakia, Senior Associate; Soumyaditya Dasgupta, Associate; Ayushi Agrawal, Associate. The employment team for the Due Diligence was

Irdai permits insurers to frame commissions for policyholders, agents

IRDAI had earlier allowed insurance companies to pay up to 22.5% of total premium as the commission in two-wheelers and 19.5% of the total premium for other vehicles such as cars and SUVs.

Latest News | Irdai Permits Insurers to Fix Commissions for Intermediaries Without Compromising Interest of Buyers

Get latest articles and stories on Latest News at LatestLY. Insurance regulator Irdai has removed the individual ceiling of commission to be paid by insurers for the sale of their products. Latest News | Irdai Permits Insurers to Fix Commissions for Intermediaries Without Compromising Interest of Buyers.

Cyril Amarchand Mangaldas advises Kotak Mahindra Bank on INR 537 Crore acquisition of Sonata Finance

Cyril Amarchand Mangaldas advised Kotak Mahindra Bank Limited (Kotak), in relation to the acquisition of Sonata Finance Private Limited (Sonata), a Non-Banking Finance Company – Micro Finance Institution registered with the Reserve Bank of India for an aggregate amount of Rs 537 crore (approx.).

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