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, IndusLaw, Linklaters act on Sammaan’s $150 mln QIP

by Nimitt Dixit |

Trilegal has guided mortgage lender Sammaan Capital (formerly Indiabulls Housing Finance) on its $150 million fundraising through a qualified institutional placement (QIP) of shares.

Deals

AZB, Trilegal act on Everstone’s $200 mln acquisition of SaaS firm Wingify

by Nimitt Dixit |

AZB & Partners has advised Singapore-based private equity firm Everstone Capital on its acquisition of 80 percent stake in Wingify, a bootstrapped SaaS company based in New Delhi, for $200 million.

Deals

AZB, CAM, Hogan Lovells Lee & Lee drive Aditya Birla Fashion on 2025’s 1st QIP

by Nimitt Dixit |

AZB & Partners had advised Aditya Birla Fashion and Retail (ABFR) on its $215 million equity offering by a qualified institutional placement of shares. Cyril Amarchand Mangaldas and Hogan Lovells Lee & Lee represented the bookrunning lead managers.