Trilegal has advised Premji Invest and Motilal Oswal on the sale of their respective shares in Shubham Housing Development Finance for $118 million to Multiples Alternate Asset Management, which was represented by Khaitan & Co.
The acquisition has resulted in Multiples acquiring a significant minority stake in Shubham Housing through a combination of the secondary share purchases and a primary infusion, alongside existing investors Asian Development Bank and British International Investment.
Shubham Housing Development Finance is a housing finance lender that provides home loans to lower-income families and emerging consumers across the country.
The Trilegal team advising on the matter was led by partner Ankit Kejriwal, who was supported by counsel Khushboo Sukhwani and senior associate Rutvij Naik.
The Khaitan team consisted of partners Tanushree Bhuwalka and Abir Sarkar, principal associate Sharan S, senior associate Althea Pereira, and associates Anushka Garg, Shriya Kamat, Vanshika M Banthia, Shreeya Agrawal, Aman Nayar, and Viraj Puri, with strategic inputs from partner Vineet Shingal.
