CAM acts advises The Guardian Life Insurance Company of America on divestment of its entire stake in Guardian India Operations Pvt. Ltd. to HCL Technologies Ltd.
The Guardian Life Insurance Company of America will divest its entire stake in Guardian India Operations Private Limited, including Guardian’s technology & operations global capability centre in India, to HCL Technologies Limited. Guardian and HCLTech also enter a new seven-year expanded strategic partnership to accelerate value realization and efficiency, with nearly 2,000 Guardian India employees transitioning and HCLTech creating a dedicated unit to support Guardian’s products and services, while SR Patnaik and others advise on taxation law