JSA advised Allianz Group in relation to their general insurance joint venture with Jio Financial Services Limited

  • Deal
  • April 27, 2026

JSA advised Allianz Group on the binding agreement entered between Allianz SE’s wholly owned subsidiary Allianz Europe B.V. and Jio Financial Services Limited (JFSL) to form a 50:50 primary insurance joint venture for undertaking general insurance (including health insurance) (JV). The JV will launch operations upon receipt of necessary statutory and regulatory approvals.

The JSA transaction team was led by Venkatesh Raman Prasad, Partner and Ronak Ajmera, Partner, with support from Shivani Chugh, Partner; Ankita Jain, Partner; Jatin Talwar, Principal Associate; Udit Rao, Senior Associate; Priyanka Priyadarshini, Associate; and Vidit Parmar, Associate.

The Direct Tax team comprised Kumarmanglam Vijay, Partner and Head of Practice, Direct Tax and Aditya Patadia, Associate.

The Indirect Tax team comprised Manish Mishra, Partner and Head of Practice, Indirect Tax; Shareen Gupta, Partner; Joybrata Misra, Principal Associate; and Tanay Vyas, Senior Associate.

The Competition Law team, advising on antitrust aspects of the transaction, comprised Vaibhav Choukse, Partner; Ela Bali, Partner; Nripi Jolly, Principal Associate; and Aditi Khanna, Principal Associate.

Additionally, Sidharth Sethi, Partner; Tony Verghese, Partner; and Radhika Gupta, Partner, advised on certain transaction-specific matters.