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Manulife - Proposed 50:50 greenfield life insurance joint venture in India with Mahindra & Mahindra

  • 14-Nov-2025

Khaitan & Co advised along with Debevoise & Plimpton, Canada-based Manulife in relation to its investment in a 50-50 greenfield life insurance joint venture in India with Mahindra & Mahindra Ltd subject to regulatory approval. Both JV partners have made a capital commitment to infuse a total of INR 7,200 crores (~ USD 800 million) in the insurance JV within first 10 years of its incorporation. 

Deal Team

Manulife

The deal was led by Nikhil Narayanan (Partner) with assistance from Akhil Sharma (Partner), Shivam Tandon (Counsel), Shubham Chauhan (Senior Associate) and Ayush Gattani (Associate).

Expertise

Corporate & Commercial

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