Khaitan & Co advises Federal Bank on acquiring select credit cards of Standard Chartered Bank

Federal Bank is set to enter into a Deed of Assignment with Standard Chartered Bank, India for the acquisition of a segment of Standard Chartered Bank’s Indian credit card portfolio.

Khaitan & Co is advising Federal Bank on this transaction. The Firm played a key role in structuring and executing the transaction, including undertaking legal due diligence on the portfolio, advising on complex legal and regulatory considerations, leading negotiations, and drafting and finalising the transaction documents.

The core transaction team consisted of Vidushi Gupta (Partner), Kumar Saurabh Singh (Partner), Soumil Garg (Partner), Arindam Bhattacharjee (Principal Associate), Kritika Parakh (Senior Associate) and Priyadarshini Dutt (Associate) with assistance from the following:

Tax aspects: Sanjay Sanghvi (Partner) and Ujjval Gangwal (Principal Associate);

Diligence aspects: Krishnendu Sen (Counsel), Mudit Jain (Senior Associate) and Sushmit Mandal (Associate);

Data privacy aspects: Sumantra Bose (Partner), Shramana Dwibedi (Principal Associate) and Mayank Barman (Associate).

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