Khaitan & Co advises Tata Capital on majority stake acquisition in YOGLOANS

Tata Capital Limited has acquired a 88.6% majority stake in Kerala-based Yogakshemam Loans Limited, dba YOGLOANS.

Khaitan & Co advised Tata Capital on this stake acquisition. The Firm assisted Tata Capital in undertaking legal due diligence on YOGLOANS and advising on structuring, documentation and negotiation of the transaction documents, which includes the securities subscription and purchase agreement.

The transaction team consisted of Surbhi Kejriwal (Partner), Vidushi Gupta (Partner), Vedika Bhandari (Principal Associate), Nikhil Singh (Senior Associate), Vivek Badkur (Senior Associate), Arnav Bose (Senior Associate), Associates Arth Manish Ghiya, Priyadarshini Dutt and Ranjul Malik. The following provided assistance:

Merger aspects: Mehul Shah (Partner), Jamsheed Dadachanji (Principal Associate and Kashvi Shetty (Associate);

Direct Tax aspects: Vinita Krishnan (Executive Director) and Avin Jain (Principal Associate);

Indirect Tax aspects: Mayank Jain (Partner), Pranay Sahay (Principal Associate) and Akshita Shetty (Principal Associate);

Legal due diligence aspects: Manisha Shroff (Partner), Vidushi Gupta (Partner), Deepak Kumar (Partner), Archika Dudhwewala (Principal Associate), Arjita Agarwal (Principal Associate), Bimbita Kateel (Principal Associate), Vivek Badkur (Senior Associate), Akshansh Sharma (Senior Associate), Khushboo Damakia (Senior Associate), Associates Priyam Indurkhya, Sakshi Lalwani, Arth Ghiya, Priyadarshini Dutt and Ranjul Malik.

Based in Kerala, YOGLOANS is an RBI-registered Non-Banking Financial Company (NBFC) providing fast, hassle-free, and affordable financial solutions, including loans for two-wheelers and other needs.

This acquisition marks Tata Capital's entry into the gold loan business as it looks to diversify its retail lending portfolio.

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