Cyril Amarchand Mangaldas (CAM) and CMS INDUSLAW advised on Groww’s acquisition of Fisdom.
This sale represents as one of the key transactions in India’s fintech and wealth management sector, following approval from the Securities and Exchange Board of India (SEBI). Fisdom, offers a comprehensive suite of wealth management solutions, including mutual funds, stocks, bonds, portfolio management services (PMS), and tax filing solutions.
Cyril Amarchand Mangaldas (CAM) acted as legal counsel to Fisdom, and the promoters of Fisdom, in relation to the proposed acquisition of 100% of the shares of Fisdom by Groww.
The transaction team was led by Senior Partner Ravindra Bandhakavi, and Partner Anandita Kaushik, with support from Senior Associates Radhika Shukla and Sudarshan Srikanth along with Associates Nitika More, Satwik Anand, and Suhani Agarwal.
Partner Arya Tripathy, with support from Associate Aishwarya Joshi, advised on data privacy related aspects of the transaction.
CMS INDUSLAW advised Quona Capital on the sale of its entire stake in Fisdom, a leading Bengaluru-based wealth management platform, to Groww.
The CMS INDUSLAW team comprised Partner Winnie Shekhar, Principal Associate Rajat Jain, and Associate Arnab Chakraborty advised on this transaction.
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