WGC Wealth, the erstwhile wealth management arm of the debt-laden DHFL group, has been taken over by LGT, a private banking and asset management group owned by the princely family of Liechtenstein. The company will be renamed as Validus Wealth after this buyout with employees holding some minority stake in the company.

— The Economic Times

AZB & Partners advised LGT Group Holding Limited led by a team of partner Rushabh Maniar, senior associates Palak Khandelwal, Shivanand Nayak and Apeksha Mattoo.

2019-06-01

Deal value: Confidential

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