Cyril Amarchand Mangaldas advises on INR 750 Crores investment in Axis Finance Limited by Kedaara Capital
Cyril Amarchand Mangaldas has advised Axis Finance Limited and Axis Bank Limited on a proposed investment of approximately INR 750 crores by Kedaara Capital, marking a significant private equity transaction in India’s NBFC space.
The transaction involves a primary investment for a ~5% stake in Axis Finance, a systemically important NBFC-Middle Layer entity, and reflects continued investor interest in well-capitalized financial services platforms with strong institutional backing.
This mandate highlights CAM’s strong capabilities in structuring complex private equity investments involving regulatory considerations, multi-entity investment structures, and sector-specific compliance frameworks. The deal also signals sustained momentum in capital deployment within India’s financial services sector, particularly in NBFCs positioned for long-term growth and expansion.
From a legal standpoint, transactions of this nature require deep expertise in regulatory advisory, transaction structuring, due diligence, and competition law, areas where CAM continues to demonstrate strong execution.
Deal Team (Cyril Amarchand Mangaldas): Pranjita Barman (Partner), Sudarsan R (Principal Associate)
With support from: Ayushi Agrawal (Senior Associate), Shravan Belsare (Senior Associate), Subhalaxmi Hota (Associate), Raajash Kulmi (Associate), Pooja V (Associate), Abhishek Chandel (Associate)
Strategic Inputs: L. Viswanathan (Senior Partner)
Regulatory Team: Gaurav Gupte (Partner), Ilina Peehu (Associate)
Due Diligence Team: Shaleen Tiwari (Principal Associate), Soumyaditya Dasgupta (Senior Associate), Saakshi Tibrewal (Associate)
Employment Law: Soumya Kumari (Partner), Ankita Sharma (Principal Associate), Nilavan Selvarajan (Associate), Shivika Gupta (Associate)
TMT / IP: Arun Sadhanand Prabhu (Partner), Nidhi Jhawar (Senior Associate)
Mansi Jain (Associate), Kanav Khanna (Associate)
Competition Law: Vijay Pratap Singh Chauhan(Partner), Anshul Jain (Senior Consultant), Ananya Mahant (Senior Associate), Varun Singh (Associate)
Another notable transaction reinforcing Cyril Amarchand Mangaldas’ strong presence in high-value private equity deals and its role in facilitating capital infusion into India’s financial services ecosystem.
What’s particularly interesting here:
Are we seeing increased private equity interest in NBFC platforms as India’s credit ecosystem continues to expand?