Skip to main content

news

 

Mumbai-headquartered law firm AZB & Partners has advised India's AU Small Finance Bank on its 44.11-billion-rupee ($529.8 million) acquisition of peer Fincare Small Finance Bank, which was represented by Anagram Partners.

The deal will enable AU Small Finance Bank to enter the microfinance space, Reuters reported, adding that more than half of Fincare's asset portfolio is made up of microfinance, or loans to low-income individuals or groups who typically find it tough to borrow funds from banks.

The AZB team was led by partners Ashwath Rau and Vipul Jain, while Shuva Mandal and Ankit Mishra led the Anagram team.

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

Trilegal, CAM, Khaitan advise on $300 mln EnerGrid green energy platform

by Nimitt Dixit |

Trilegal and Cyril Amarchand Mangaldas have advised Norwegian and British investors on the formation of $300 million green energy platform EnerGrid, in partnership with IndiGrid, the Mumbai-based power transmission infrastructure investment trust backed by KKR.

Deals

CAM, Anagram, K Law, Quillon, STB act on KKR’s $400 mln HCG acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas and Simpson Thacher & Barlett have advised private equity firm KKR on its $400 million acquisition of a majority stake in Indian hospital chain Healthcare Global (HCG) from PE firm CVC, who was represented by its longstanding legal advisor Anagram Partners.

Deals

CAM, Trilegal, Khaitan, Sidley act on Ajax Engineering’s $146 mln IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas has acted for concrete equipment manufacturer Ajax Engineering in its initial public offering worth $146 million. Trilegal and Sidley Austin represented the bookrunning lead managers, while Khaitan & co acted for selling investor Kedaara Capital.