Axis Finance Limited has secured an investment of approximately ₹750 crore from Kedaara Capital (investing through two entities, Kedaara Capital Fund IV AIF and Kedaara Pearl Holding) by way of subscription to approximately 5% of the issued and subscribed paid-up share capital of the Company.
Cyril Amarchand Mangaldas advised Axis Finance Limited and Axis Bank Limited on this transaction. The Firm advised on key considerations for structuring and finalizing binding documentation for the transaction.
The transaction team was led by Pranjita Barman (Partner), with support from Anirud Sudarsan R (Principal Associate) and assistance from Ayushi Agrawal (Senior Associate), Shravan Belsare (Senior Associate), Associates Subhalaxmi Hota, Raajash Kulmi, Pooja V and Abhishek Chandel.
L Vishwanathan (Senior Partner) provided strategic inputs.
Gaurav Gupte (Partner), with the assistance from Ilina Peehu (Associate) advised the Bank on regulatory aspects, including the IA.
Pranjita Barman (Partner), with support from Anirud Sudarsan R (Principal Associate), Shaleen Tiwari (Principal Associate), Soumyaditya Dasgupta (Senior Associate), Ayushi Agrawal (Senior Associate), Shravan Belsare (Senior Associate), Associates Subhalaxmi Hota, Saakshi Tibrewal, Raajash Kulmi, Pooja V and Abhishek Chandel, undertook vendor due diligence of the Company.
Sowmya Kumar (Partner) with the assistance from Ankita Sharma (Principal Associate), Associates Nilavan S and Shivika Gupta assisted with the employment law related aspects of the vendor due diligence.
Arun Prabhu (Partner, Co-Head - Digital | TMT), with the assistance from Nidhi Jhawar (Senior Associate), Associates Mansi Jain and Kanav Khanna, assisted with the IT/ IP related aspects of the vendor due diligence.
Vijay Pratap Singh Chauhan (Partner) with the assistance from Anshul Jain (Senior Consultant), Ananya Mahant (Senior Associate) and Varun S (Associate), advised on competition law aspects.
Veritas Legal advised Kedaara Capital on this transaction.
The transaction team was led by Abhijit Joshi (Founding & Managing Partner) and Natasha Sethna (Partner), with support from Avadhoot Potnis (Principal Associate) and Associates Kashish Gupta and Dhruv Mehta.
Ashwin Mehta (Principal Associate), Anamika (Senior Associate), Akriti Gupta (Senior Associate), Associates Kashish Gupta, Hriday Chokshi, Vidhi Basrani, Dhruv Mehta and Devishi Sarawgi conducted due diligence.
Axis Finance is one of India’s fastest-growing non-banking financial companies (NBFCs) offering tailored financial solutions to a wide range of customers under retail, MSME & wholesale verticals. The Company is a public limited company registered as a systemically important non-deposit taking NBFC with the Reserve Bank of India and is classified as a NBFC - Middle Layer (NBFC-ML).
This marks Axis Finance's first capital raise from an external investor. This deal will strengthen the company’s capital base and drive its growth.
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