Religare Enterprises has made an acquisition of 100% shareholding of MIC Insurance Web Aggregator Private Limited from iGear Holdings Private Limited, an Indian Express Group entity.

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 MIC Insurance Web Aggregator.

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).

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

MIC Insurance Web Aggregator is the country’s first IRDAI approved and registered insurance web aggregator and Religare, through this acquisition, aims at expanding its foothold in the insurance distribution space.

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