DSK Legal, Mori Hamada act on Mizuho Bank investment in Kisetsu Saison Finance

The deal is valued at ₹1,200 Crore (equivalent to ¥21 Billion or $145 Million).
Anand Desai, Abhishek Singh Baghel, Ajay Shaw, Nakul Batra, Vikrant Singh Negi, Gaurav Mistry
Anand Desai, Abhishek Singh Baghel, Ajay Shaw, Nakul Batra, Vikrant Singh Negi, Gaurav Mistry

Mizuho Bank (Japan) has invested into Kisetsu Saison Finance (India) Private Limited by subscription to approximately 15% of the share capital of Kisetsu Saison for ₹1,200 Crore (equivalent to ¥21 Billion or $145 Million).

DSK Legal advised and assisted Mizuho Bank and its affiliate on the structuring of the said transaction in compliance with the applicable regulatory framework, conducted the legal due diligence (including anti-bribery and anti-money laundering diligence) and reviewed the transaction documents from an Indian law perspective.

Anand Desai (Managing Partner) and Abhishek Singh Baghel (Partner) were the engagement partners for this transaction.

Ajay Shaw (Partner) provided critical inputs and advised on queries relating to banking regulations and the structuring of the transaction.

Nakul Batra (Partner) together with Palak Sehgal (Principal Associate), Shivam Sharma (Associate), Aankhi Anwesha (Associate), and Devraj Sood (Associate), conducted the legal due diligence, advised on regulatory concerns and queries regarding structuring, and reviewed the transaction documents.

Vikrant Singh Negi (Partner), Ekta Tyagi (Associate Partner), and Priyamvada Singhania (Senior Associate) conducted the anti-money laundering, anti-bribery and debt recovery due diligence and advised on compliances under related laws.

Gaurav Mistry (Partner) and Akanksha Dubey (Principal Associate) advised on queries regarding capital markets and securities laws.

Abhishek Singh Baghel (Partner), Shivam Sharma (Associate), and Devraj Sood (Associate) conducted the competition assessment on the Target to evaluate the requirement of obtaining prior approval of the Competition Commission of India for the transaction.

Mori Hamada & Matsumoto acted as the Japanese Counsel for Mizuho Bank.

Mizuho Bank
Mizuho Bank

Mizuho Bank is the banking subsidiary of Mizuho Financial Group, Inc. of Japan, one of the world's largest financial service providers. It is one of the three ‘mega-banks’ of Japan and is designated as a Global Systemically Important Bank (G-SIB).

Kisetsu Saison is a systematically important non-deposit taking non-banking financial company registered with the Reserve Bank of India.

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