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.