JM Financial Acts as Exclusive Financial Advisor to Sundaram Finance and Royal Sundaram General Insurance

Ageas Insurance and Sundaram Finance along with other Indian shareholders have signed an agreement for Ageas to acquire 40% stake in Royal Sundaram General Insurance for Rs 1,520 crore.
Royal Sundaram is a top 10 player in the privately owned Indian general insurance market with strong positions in Motor and Health Insurance.
The transaction is subject to certain conditions to close including the approval of IRDAI and other regulators. The transaction is expected to close in the first quarter of 2019.
JM Financial Limited acted as the exclusive financial advisor to Sundaram Finance and Royal Sundaram General Insurance.

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