Cyril Amarchand Mangaldas advised L&T Finance Holdings (LTFH) on the merger of L&T Finance Limited (LTF), L&T Infra Credit Limited (LTICL) and L&T Mutual Fund Trustee Limited (LTMFTL) with L&T Finance Holdings Limited (LTFH).
The General Corporate, Disputes and Financial Regulatory Practice of Cyril Amarchand Mangaldas advised on the transaction. The transaction team was led by Pranay Chandran, Partner; with support from Shweta Sriram, Principal Associate; Amanee Kadakia, Associate; and Kinjal Sharma, Associate.
Tapan Deshpande, Director-Corporate Litigation; with support from Aekaanth Nair, Senior Associate-Designate; assisted on representation before the NCLT, Kolkata and Mumbai.
Anu Tiwari, Partner and Co-Head – Fintech; Jian Johnson, Partner; with support from Hamraj Singh, Senior Associate; and Karthik Narayan, Associate provided inputs on RBI and SEBI related aspects.
The transaction involved amalgamation of LTFH’s subsidiaries, LTF, LTICL and LTMFTL with LTFH, pursuant to a scheme of arrangement under the provisions of Sections 230 – 232 read with Section 52 of the Companies Act, 2013, and other applicable regulatory requirements (the “Scheme”).
Other advisors to the transaction included Ernst & Young LLP (acted as financial advisor for L&T Finance Holdings Limited).
The Scheme has been made effective from December 4, 2023
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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.
