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
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