AZB & Partners advised International Finance Corporation (IFC) and Desai & Diwanji (D&D) advised GIC in their Rs 1,020 crore equity infusion, alongside Small Industries Development Bank of India (SIDBI), into microfinance institution Bandhan, which was advised by Khaitan & Co.

AZB Delhi partners Gautam Saha and Amrita Patnaik and senior associate Pallavi Meena acted for IFC

D&D Mumbai associate partner Jolly Abraham and partners Toral Desai and Shyam Pandya acted for GIC.

Khaitan Kolkata partner NG Khaitan, Delhi partners Bharat Anand and Joyjyoti Misra, Kolkata associate director Sumit Chakraborty and Delhi executive director Paku Khan acted for Bandhan.

IFC's part of the infusion was Rs 344 Crore, SIDBI’s was Rs 35 crore and GIC funded up to Rs 640 crore in Bandhan, according to VCCircle.

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Like +1 Object -0 DSG 26 May 15, 18:56
Way to go APM!
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Like +0 Object -1 vanquish 26 May 15, 22:41
3 among the top 10 firms involved in a deal after a long time.
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Like +0 Object -0 VGJ 29 May 15, 18:12
Good show Jolly Abraham!
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Like +2 Object -0 OnceUponaTimeinKolkata 30 May 15, 09:20
Must be like Calcutta's biggest transaction ever. Joy Bangla.
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