Deal Closed | Daily Mail and General Trust Plc. | Acquisition of RMS Inc by Moody's

The details of the deal are as follows:

Sector: Risk Management 

Announcement Date: 05-Aug-2021 

Completion Date: Sep-2021 (Estimated) 

Name of Client: Daily Mail and General Trust Plc. 

Transferor Details: Daily Mail and General Trust plc | UK  

Deal Description: Advised Daily Mail and General Trust Plc. in relation to the sale of its insurance risk business RMS Inc to Moody's Corporation including 100% sale of RMS India, for approximately USD 2 billion.  

Total Consideration: USD 2 billion 

Team Members: Akhil Bhatnagar (Partner), Ritu Shaktawat (Partner), Nayantara Kutty (Counsel), Sneh Shah (Principal Associate) and Sagarika Chandel (Associate) 

Role of Firm: Advised Daily Mail and General Trust Plc. on the Indian tax and regulatory aspects of the sale of RMS Inc including sale of RMS India.  

Other Legal Advisors: Slaughter and May is advising Daily Mail and General Trust plc