A team from Shardul Amarchand Mangaldas & Co (SAM) advised QorQl in its acquisition of Raheja QBE General Insurance, which is 51% owned by Prism Johnson and 49% by QBE Australia.
While Prism Johnson – a Rajan Raheja group company – said in a stock exchange filing that it was selling its stake for ₹2.9 billion (US$38.8 million), the entire deal is reportedly valued at US$76 million. The deal was signed on 6 July.
QorQl, a technology company that connects doctors and patients, is majority owned by the founder of Paytm, Vijay Shekhar Sharma. Paytm owns the remainder of QorQI.
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