Cyril Amarchand Mangaldas acted as legal counsel for Navi Technologies Private Limited and Navi Finserv Limited (Collectively “Navi Group”) on sale of 100% stake in their microfinance subsidiary Chaitanya India Fin Credit Private Limited (Chaitanya), to Svatantra Microfin Private Limited (Svatantra), a group company of the Aditya Birla Group, for a purchase consideration of Rs. 1479 Crores. Chaitanya is engaged in busines of providing microfinance loans to joint-liability groups and is a market leader therein.
The transaction team was led by Vishak Abraham, Partner; and Saurav Samaddar, Partner; with support from Jayant Belgaumkar, Associate; Anushka Sharma, Associate; and Nritika Sangwan, Associate.
Team led by Gazal Rawal, Partner; with support from Anshuman Sugla, Senior Associate; Pratiksha Arekar, Associate; assisted with regulatory aspects.
Anirban Mohapatra, Partner; with support from Mahim Sharma, Senior Associate Designate; assisted with IP and privacy law related aspects.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 160 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.