Deal Street

January 16, 2018

Capital First completes $4.5bn merger deal with IDFC Bank


capitalfirst-IDFC

Capital First Limited completes the merger process with IDFC Bank in a deal worth around $4.5 billion.

Capital First team was advised by Shardul Amarchand Mangaldas and was led by Managing Partner Akshay Chudasama. The Merger and Acquisition (M&A) team was led by Ashni Roy, and Associates Akansha Singh and Neha Shaw.

AZB & Partners acted upon IDFC Bank, led by Partner Ashwath Rau and Partner Anu Tiwari, Senior Associate Vipul Jain and Associate Aditya Alok including Managing Partner Zia Mody .

Capital First has issued a press statement which said, “The announcement is pursuant to IDFC Bank's stated strategy of ‘retailising’ its business to complete their transformation from a dedicated infrastructure financier to a well-diversified universal bank, and in line with Capital First’s stated intention and strategy to convert to a universal bank.”

According to analysts, the merger would help both; the IDFC Bank to get a good quality retail book and Capital First to inherit a highly well provisioned infrastructure portfolio.

Related Post

latest News

  • Subrata Roy tells SC that he would pay Rs. 1,500 crores by June 15

    On April 27, Sahara Chief Subrata Roy said in the Supreme Court that he would pay Rs 1,500 crores in the Sahara-Securities and Exchange Board of India

    Read More
  • SC Sets Aside HP HC Judgment Due To Convoluted English Used In The Judgment

    On April 18, a bench of Justices Madan B Lokur and Deepak Gupta of the Supreme Court set aside Himachal Pradesh High Court Judgement because of convol...

    Read More
  • Court rules in favor of BHEL, restrains PT Merak from recovering amount against SBI guarantee

    The court demonstrated that simply by using the term “unconditional”, the bank guarantee could not be rendered as such...

    Read More