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The Practice

Khaitan & Co has a dedicated financial services practice with extensive transactional, operational, regulatory and advisory credentials. Our team of sector expert lawyers advise banks, non-banking financial companies, housing finance companies, micro finance companies, asset management companies, wealth management companies, mutual funds, fintech companies, other financial institutions and industry bodies on a broad spectrum of transactional and regulatory matters.

Execution

Our strong experience in the full range of legal expertise in the financial services sector includes mergers and acquisitions, private equity deals, business transfers, asset transfers, structuring, advising on lending and business models. We draw on our deep product knowledge and regularly work alongside our regulatory, banking and fin-tech specialists, to innovate solutions for complex and challenging transactions.

The Khaitan Advantage

We have one of the largest and yet the fastest growing teams in India (both in terms of its size as well as the number of clients served) catering to various financial regulatory needs of our clients. Our inclusive approach of working with banks, financial institutions, industry bodies and regulators provides us with a nuanced understanding of the issues surrounding the financial services sector and provide the most effective and well-thought solutions for our clients.

Key Contacts

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Key Deals

Axis Bank

Advised Axis Bank on acquisition of Citibank’s consumer banking business in India for a total consideration of over USD 1.3 billion.

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Bandhan Bank 

Advised a consortium led by Bandhan Financial Holdings Limited on its acquisition of a controlling stake in IDFC Asset Management Company Limited and IDFC AMC Trustee Company Limited.

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Avendus Capital

Advised Avendus on acquisition of majority stake by KKR.

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Svatantra Microfin Private Limited

Advised Svatantra Microfin on acquisition of Chaitanya India Fin Credit Private Limited and investment by Advent and Multiples in Svatantra Microfin for a combined total consideration of over USD 400 million.

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Poonawala Fincorp and Poonawala Housing Finance

Advised on acquisition of Magma Fincorp, rebranding as Poonawala Fincorp, regulatory and compliance matters and sale of Poonawala Housing Finance to TPG Fincorp.

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Aditya Birla Capital

Advised on the rebranding of Aditya Birla financial services as ‘Aditya Birla Capital’ and creating an umbrella brand for multiple financial services entities of Aditya Birla Group.

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Maj Invest

Advised on investment in Finova Capital, Arohan Financial Services, Epimoney, Basix Sub-K iTransactions, Berar Finance, Belstar, Satin Creditcare and Namdev Finvest.Advised on investment in Finova Capital, Arohan Financial Services, Epimoney, Basix Sub-K iTransactions, Berar Finance, Belstar, Satin Creditcare and Namdev Finvest.

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IIFL Home Finance - Investment by Abu Dhabi Investment Authority

Advised IIFL Finance and IIFL Home Finance on investment by ADIA for acquisition of 20% stake in IIFL Home Finance for a total consideration INR 2200 crore (USD 286 million).

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Multiples Private Equity

Advised Multiples on its investment in Veritas Finance along with its co-investors including IFC.

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