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L&L acts for Steadview in $110m equity issue of IIFL Wealth to clutch of investors

IIFL Holdings’ wealth management arm has raised Rs 745.71 crore by selling 5.1 per cent stake to a clutch of investors. IIFL Wealth Management issued 44.90 lakh shares to WF Asian Reconnaissance Fund, Rimco (Mauritius) Limited, Amansa Holdings, General Atlantic Singapore Fund, Steadview and HDFC Standard Life Insurance.

The Economic Times

L&L Partners advised Steadview Capital Management Limited led by a team of partners Sundeep Dudeja and Vaibhav Kakkar, managing associate Snigdhaneel Satpathy and associate Debarpan Ghosh.


Deal value: USD 110 million

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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