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HCLTech is a leading global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products.
The transaction involved a unique pre-closing restructuring exercise, wherein Carmel Point India Investments Limited, a wholly owned special purpose vehicle of CPIL, underwent voluntary liquidation, followed by an in specie distribution of its assets, including its shareholding in IndiaFirst Life Insurance Company Limited, to its parent entity as a condition precedent to the proposed acquisition.
Discover the latest legislative updates from May 2026, including all updates on new Central and State Legislations, Rules, Notifications; and more.
Finance Ministry has notified Indian Insurance Companies (Foreign Investment) Amendment Rules, 2025, aligning FDI norms with modern frameworks to enhance clarity, flexibility, and governance.
by Avik Biswas*, Ivana Chatterjee** and Snehal Walia***