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SAM, AZB, Kirkland on Axis Bank’s $1.78bn mega fundraising from Bain Capital, LIC and others

The board of Axis Bank have announced the approval of its proposal to sell 9% of its stake by raising equity and equity-linked capital on a preferential basis amounting to INR 11,626 crores (USD 1.78 billion) from multiple global and Indian marquee investors, including funds affiliated with Bain Capital, the bank’s promoter Life Insurance Corporation of India and other investors, as reported by MoneyControl and Mint. The proposed investment would be one of the largest private equity investment in the Indian banking sector.

Shardul Amarchand Mangaldas advised and acted as the legal counsel for Axis Bank and was led by the private equity group of their general corporate practice team for all the legal aspects of the transaction. The transaction team was led by executive chairman Shardul Shroff, Mumbai-based regional practice head Raghubir Menon (M&A and PE, General Corporate), partners Abhishek Guha, Yogesh Chande, and senior associates Ankit Kejriwal and Anwesha Haldar, associates Kanwardeep Kapany, Gaurav Malhotra and Keegan Pavrey.

AZB & Partners partner Anil Kasturi and partner Nandita Govind, along with competition law partner Samir Gandhi acted as the domestic legal counsel to the investor group Bain Capital and others while Kirkland & Ellis represented as the international legal counsel.

Axis Capital were the financial advisors to Axis Bank whereas JP Morgan represented as the financial advisors for the investors.

2017-11-10

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Like +1 Object -0 Typo?? 23 Nov 17, 19:20
Seems like you have named AZB Partners as a part of SAM team? Why are anil kasturi and Nandita part of the SAM team??
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Like +0 Object -1 Alias 24 Nov 17, 07:13
Anil Kasturi and Samir Gandhi have moved to SAM? SAM has definitely the battle again CAM.
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Like +0 Object -1 Guest 24 Nov 17, 00:03
Well done Kanwardeep singh
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Like +1 Object -0 Reader 24 Nov 17, 06:17
Anil Kasturi, Nandita Govind and Samir Gandhi are partners at AZB & Partners. Please correct the reporting
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Like +0 Object -1 kianganz 24 Nov 17, 14:04
Thanks for pointing out, sorry for the unintentional typo...
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Like +0 Object -1 Well done 24 Nov 17, 11:43
AZB Delhi is killing it. Well done guys.
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