16 Apr 2026
Deal: Trilegal advises Prism Johnson on the sale of its entire stake in Raheja QBE General Insurance Company
26 Mar 2026
26 Mar 2026
Trilegal is advising Prism Johnson Limited (PJL) in connection with the sale of its entire 51% shareholding in Raheja QBE General Insurance Company Limited (RQBE), a material subsidiary of PJL, to QBE Holdings (AAP) Pty Ltd, an existing shareholder of RQBE.
Trilegal’s scope of work includes advising on the structuring of the transaction, reviewing, negotiating and finalising the share purchase agreement, providing inputs on the application to be made by RQBE to the Insurance Regulatory and Development Authority of India (IRDAI) for approval of the share transfer, and advising on all related aspects of the transaction.
RQBE is a joint venture between PJL and Australia’s QBE Group. Upon receipt of IRDAI approval and completion of the transaction, QBE Group will hold 100% of the shareholding in RQBE, resulting in RQBE becoming its wholly owned subsidiary.
Notably, this transaction represents the first instance of 100% FDI in an Indian insurance company following the liberalisation of FDI limits in the insurance sector.
The Trilegal Corporate Team advising on the matter was led by Partner: Ashwyn Misra; and supported by Senior Associates: Teeshta Bissa and Shebani Bhargava; and Associates: Medha Nagpal and Niti Gosrani.
The Trilegal Tax Team advising on the matter was led by Partner: Komal Dani; and supported by Senior Associate: Ketki Vivek Redkar; and Associate: Himeesha Dhiliwal.
The Trilegal Secretarial and Compliance Team advising on the matter was led by Partner: Sampath Kumar; and supported by Principal Consultant: Monik Damania; and Consultants: Divya Shetty and Raveena Khetwani.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With over 150 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,200 professionals across its Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.
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