Capital First completes $4.5bn merger deal with IDFC Bank
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...
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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.
