Axis Bank Limited has acquired 9.9% stake in Go Digit Life Insurance Limited in two tranches, subject to terms and conditions set out in the definitive documents.

The General Corporate Practice of Cyril Amarchand Mangaldas advised Axis Bank on the transaction.

The transaction team was led by Indranath Bishnu (Partner), Pranjita Barman (Partner), with support from Soumyadipta Chanda (Principal Associate) and Anirud Sudarsan R (Senior Associate).

Go Digit Life proposes to carry out life insurance business in India, subject to the receipt of certificate of registration by the IRDAI.

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