JSA advised IDFC FIRST Bank on its fundraise from Warburg Pincus and Abu Dhabi Investment Authority (ADIA) aggregating upto Rs 7,500 crores. The fundraise is subject to shareholder and regulatory approvals.
IDFC FIRST Bank (“Bank”) is a new-age private bank in India, with a vision to create a world class bank in India, focused on ethical, digital, and social good banking. The Bank operates 971 branches spread over 60,000 locations including cities, towns, and villages across India. While it has a physical network, it is built as a digital first bank in approach, scale and scope. The Bank is a full suite universal bank offering services across Retail, MSME, rural, corporate, wealth management, private banking, Fastag, cash management, NRI and treasury solutions.
The Transaction team comprised Lead Partner, Vikram Raghani, Partner, Bir Bahadur Singh Sachar, Principal Associate, Sushim Aryan, Associates, Tavishi Chandra, Parth Mehta and Samika Pachouly & Company Secretary, Niki Shah.
The Banking team comprised Partner, Anish Mashruwala and Pratish Kumar, Principal Associate, Karan Abichandani & Associates, Anmol Narang, Madhur Bhatt and Arpita Mittal.
Media coverage – The Financial Express
Anish is the current Co-Chair of the Finance Practice at JSA and heads the Banking & Finance group. He also focuses on Cross Border Investments & Acquisitions.