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Mitsui Sumitomo Insurance Acquires 26 Percent of Indian Insurer from New York Life
Practices
On June 27, client Mitsui Sumitomo Insurance Company Limited (MSI) acquired 26 percent of India-based Max New York Life Insurance Company Limited for Rs 27.3 billion (approximately U.S. $475 million). MSI acquired New York Life's entire stake in the life insurer, which is majority-owned by Max India Limited, a company listed on the Bombay Stock Exchange.
The Paul, Weiss team advising MSI included corporate partners David Lakhdhir, Adam Givertz and Kaye Yoshino.