Khaitan & Co advised Temasek Holdings to acquire a 1.95 per cent stake in SBI Life Insurance for INR 897 crores ($133m).
Incorporated in 1974, Temasek is an investment company headquartered in Singapore owned by the Minister of Finance Singapore with a portfolio of S$242bn as of March 2016.
The core corporate transaction team included Aakash Choubey (partner), Rohan Singh (senior associate) and Ashima Gulati (associate) with assistance from Avaantika Kakkar (partner), Dhruv Rajain (associate) and Sakshi Agarwal (associate) on the competition law aspects and Bijal Ajinkya (partner) and Surajkumar Shetty (senior associate) on the direct tax aspects.
Khaitan & Co advised Temasek in relation to the acquisition of the target shares from Indian legal and tax perspective.
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