Khaitan & Co acted as the Indian legal counsel to the Book Running Lead Managers -JM Financial Institutional Securities Limited; Axis Capital Limited; BNP Paribas; Citigroup Global Markets India Private Limited; Deutsche Equities India Private Limited; ICICI Securities Limited; Kotak Mahindra Capital Company Limited; and SBI Capital Markets Limited in relation to the initial public offering of up to 120,000,000 equity shares of SBI Life Insurance Company Limited through an offer for sale by the State Bank of India and BNP Paribas Cardif SA, of up to 80,000,000 equity shares and up to 40,000,000 equity shares, respectively.

The core transaction team included Abhimanyu Bhattacharya (Partner), Aditya Cheriyan (Associate Partner), Navodita Gupta (Senior Associate) and Vijayaraghavan (Associate) with assistance from Rohan Singh (Senior Associate).