Bank Reverse Merger: Luthra & Luthra on Ujjivan Group Reverse Merger

Ujjivan Group’s listed companies have gone through a Reverse Merger- Ujjivan Financial Services Limited, an RBI registered Listed NBFC, into and with its subsidiary company viz; Ujjivan Small Finance Bank Limited, a listed Bank. 

The said reverse merger received the final sanction of the National Company Law Tribunal, Bangalore on April 19, 2024. This deal value is approximately ₹70 billion.

Luthra and Luthra Law Offices India acted sole legal advisor on this Reverse Merger.

The core transaction team comprised of Harish Kumar (Partner), Itee Singhal (Partner Designate), Nupur Gupta (Associate).

G.R. Bhatia (Partner), Arjun Nihal Singh (Partner Designate) and Sanyam Juneja (Associate), provided advice on Competition law aspects.

Vasudev Dibbur (Partner), Chethana Deepak (Managing Associate) and Meghana Konda (Associate) provided litigation support and local representation in Bangalore.

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