India's Axis Bank has announced the raising of $1.8 bn from Bain Capital, LIC, others by selling 9% of its stake by raising equity and equity-linked capital on a preferential basis. The proposed investment would be one of the largest private equity investments in the Indian banking sector.Axis Bank was advised by Shardul Amarchand Mangaldas as a legal counsel and was led by the private...
India's Axis Bank has announced the raising of $1.8 bn from Bain Capital, LIC, others by selling 9% of its stake by raising equity and equity-linked capital on a preferential basis. The proposed investment would be one of the largest private equity investments in the Indian banking sector.
Axis Bank was advised by Shardul Amarchand Mangaldas as a legal counsel 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.
The domestic legal counsel to the investor group Bain Capital and others were AZB & Partners partner Anil Kasturi and partner Nandita Govind, along with competition law partner Samir Gandhi. 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.