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Khaitan, L&L act on IIFL Wealth $33m buy of L&T Cap Markets

IIFL Wealth, the wealth management business of IIFL group, on Wednesday said that it has entered into a definitive agreement to acquire 100% equity shares of L&T Capital Markets Ltd (LTCM), a subsidiary of L&T Finance Holdings Ltd, which provides wealth management services for individual and institutional clients.

Mint

Khaitan & Co advised IIFL Wealth Management Group led by a team of Core Transaction partner Team Surbhi Kejriwal; senior associate Varun Narayan. Due senior associate Diligence Ayush Nanda; associate Pranav Sethi; associate Priyanka Venkatasubramanian.

L&L Partners advised L&T Finance Holdings Limited led by a team including partner Apurva Jayant, associates Tanvi Varma and Samrat Basani. On due diligence, the team included associates Amritha Kumar and Vishakha Panchangam.

2019-08-28

Deal value: INR 230 crores

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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