IndusInd Bank has acquired Royal Bank of Scotland’s (RBS) diamond and jewellery financing business in India for an undisclosed fee..RBS’s India diamond and jewellery financing loan book is about 4500 crore, according to VCCircle..IndusInd also signed an agreement with ABN Amro Bank, owned by RBS, for cooperation in diamond and jewellery financing business..A team from S&R Associates comprising Partners Sandip Bhagat and Rajat Sethi and Associates Vivek Kumar, Sudip Mahapatra and Amy Bharucha acted for IndusInd..Talwar Thakore & Associates represented their long-standing partner RBS, through a team comprising Partner Feroz Dubash; Managing Associates Shruti Zota and Neville Golwala; and Associates Mrinali Kaul and Srishti Goel..AZB & Partners, led by Partner Kalpana Merchant advised ABN Amro.
IndusInd Bank has acquired Royal Bank of Scotland’s (RBS) diamond and jewellery financing business in India for an undisclosed fee..RBS’s India diamond and jewellery financing loan book is about 4500 crore, according to VCCircle..IndusInd also signed an agreement with ABN Amro Bank, owned by RBS, for cooperation in diamond and jewellery financing business..A team from S&R Associates comprising Partners Sandip Bhagat and Rajat Sethi and Associates Vivek Kumar, Sudip Mahapatra and Amy Bharucha acted for IndusInd..Talwar Thakore & Associates represented their long-standing partner RBS, through a team comprising Partner Feroz Dubash; Managing Associates Shruti Zota and Neville Golwala; and Associates Mrinali Kaul and Srishti Goel..AZB & Partners, led by Partner Kalpana Merchant advised ABN Amro.
