IDFC Bank and Capital First have announced merger between the two to form a combined entity with assets under management of Rs. 88,000 crore, branch network of 194 and customer base of over 5 million..As per the agreement, IDFC Bank will issue 139 shares for every 10 shares of Capital First, reported ET..AZB & Partners acted for IDFC Bank with a team led by Senior Partners Zia Mody and Ashwath Rau along with Partner Anu Tiwari, Senior Associate Vipul Jain and Associates Aditya Alok, Utkarsh Bhatnagar, Rachana Rautray and Sushim Aryan..Shardul Amarchand Mangaldas advised Capital First with a team led by Managing Partner Akshay Chudasama. The M&A Team was led by Partner Ashni Roy, along with Associates Akansha Singh and Neha Shaw..Banking and Finance Team was led by Partner Veena Sivaramakrishnan along with Consultant Gopalkrishna Hegde and Associate Dhananjai Charan..The Securities Law Team was led by Partner Yogesh Chande along with Associate Gaurav Malhotra.
IDFC Bank and Capital First have announced merger between the two to form a combined entity with assets under management of Rs. 88,000 crore, branch network of 194 and customer base of over 5 million..As per the agreement, IDFC Bank will issue 139 shares for every 10 shares of Capital First, reported ET..AZB & Partners acted for IDFC Bank with a team led by Senior Partners Zia Mody and Ashwath Rau along with Partner Anu Tiwari, Senior Associate Vipul Jain and Associates Aditya Alok, Utkarsh Bhatnagar, Rachana Rautray and Sushim Aryan..Shardul Amarchand Mangaldas advised Capital First with a team led by Managing Partner Akshay Chudasama. The M&A Team was led by Partner Ashni Roy, along with Associates Akansha Singh and Neha Shaw..Banking and Finance Team was led by Partner Veena Sivaramakrishnan along with Consultant Gopalkrishna Hegde and Associate Dhananjai Charan..The Securities Law Team was led by Partner Yogesh Chande along with Associate Gaurav Malhotra.