AZB & Partners and Shardul Amarchand Mangaldas & Co advised on Emirates NBD’s proposed acquisition of a 60% stake in RBL Bank.
The deal marks the largest ever foreign direct investment in the Indian financial services sector; largest ever equity fund raise in the Indian banking sector; largest fund raise via preferential issuance by a listed company in India, and also first acquisition of majority interest in a profitable Indian bank by a foreign bank.
AZB & Partners is acting for RBL Bank on Emirates NBD’s proposed acquisition of 60% stake in RBL for ₹26,850 crores and resultant open offer. This deal also involves merger of Emirates NBD’s Indian banking branches into RBL.
The deal team comprises Senior Partners Vaidhyanadhan Iyer and Gautam Ganjawala, Partners Jeet Chaudhuri and Bhargavy Ramesh, Senior Associate, Sana Nagar and Associates Manhar Chaudhary, Abhinav Shankarraman and Aditya A. Senior Associates Sanghamitra Sengupta and Lokesh Deshwal for assisted on banking laws.
Shardul Amarchand Mangaldas & Co acted as Legal advisor for ENBD.
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