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SAM acts on $22.8m Essel acquisition of LKP NBFC

“Essel Group to acquire majority stake in LKP Finance: Media baron Subhash Chandra’s Essel Group has agreed to acquire a majority stake in Mumbai-listed non-bank lender LKP Finance Ltd,” reported VCCircle. Essel bought 62% in LKP.

Shardul Amarchand Mangaldas & Co advised the promoter group of the target, as well as the target company LKP Finance Limited led by a team of principal associate Sayak Maity and senior associate Neha Shaw.


Deal value: US$ 22.8 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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