Cyril Amarchand Mangaldas advised IDFC Limited (IDFC) and IDFC Financial Holding Company Limited (IDFC Financial), on subscription of shares of IDFC First Bank on preferential allotment basis for a sum of approx. INR. 2,169 crores.
Cyril Amarchand Mangaldas advised on the transaction. The transaction team was led by Anu Tiwari, Partner, Ketaki Mehta, Partner – Gift City; with support from, Kush Wadehra, Senior Associate; and Shobhit Dave, Associate.
The Transaction was closed on 23rd March 2023.
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