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L&L acts for Amansa, Steadview on $35m buy of 5% in IIFL Wealth Management

IIFL Wealth Management, a subsidiary of IIFL Holdings, has issued nearly 44.90 lakh shares to a set of financial investors to raise Rs 745.71 crore by selling 5.1 percent stake. The shares were issued by the wealth management arm of IIFL Holdings to WF Asian Reconnaissance Fund, Rimco (Mauritius) Limited, Amansa Holdings, General Atlantic Singapore Fund, Steadview and HDFC Standard Life Insurance.

The Financial Express

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


Deal value: Combined deal size for Amansa and Steadview was approximately $ 35 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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