Dealstreet

SAM, Dua act on GIC’s 13.45% acquisition in CanFin Homes

Bar & Bench

Canara Bank has sold 13.45% stake in CanFin Homes Ltd to Singapore-based Caladium Investment Pvt Ltd, an affiliate of GIC, Singapore’s Sovereign Wealth Fund.

DealCaladium Investment acquires 13.45% stake in Can Fin Homes
Value₹753.77 crore
SectorBanking
Deal TypeM&A
Law FirmsDua Associates – Canara Bank; Shardul Amarchand Mangaldas– Caladium Investments/ GIC
Head/PartnersDua Associates- Srinivas B.R.,Karan Ajitsaria, Kunal Mehra; SAM- Raghubir MenonShweta Shroff ChopraAparna Mehra

Dua Associates advised Canara Bank through a team led by Partner Srinivas B.R. along with FEMA perspective provided by Partner Karan Ajitsaria. Partner Kunal Mehra advised on Competition law aspect along with Associates Churmathi M., Sharan Balasubramaniyam and Maitreyi Kannur.

Shardul Amarchand Mangaldas advised GIC/ Caladium Investment through a team led by Partner Raghubir Menon along with Principal Associate Anirban Bhattacharya. Competition Law aspects were handled by a team led by Partners Shweta Shroff Chopra and Aparna Mehra along with Senior Associate Vivek Agarwal and Associate Geet Sawhney. Tax aspects were handled by Partner Amit Singhania along with Principal Associate Gouri Puri.

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