Shardul Amarchand Mangaldas & Co. advised Open Financial Technologies Private Limited on its Joint Venture with IIFL Finance Ltd. for the purposes of offering neo-banking services to retail customers and MSMEs including lending, investment, and wealth management services to certain target groups.   The transaction team was led by Amit Khansaheb, Partner; Rishi Jain, Partner;… Read More +

Shardul Amarchand Mangaldas & Co. advised Open Financial Technologies Private Limited in the Series D round of fund-raising led by IIFL Finance  Limited, Temasek, Tiger, and 3one4.   Open has now become India’s 100th unicorn after this Series D round.   The transaction team was led by Amit Khansaheb, Partner; Rishi Jain, Partner; Aayush Kumar,… Read More +

Shardul Amarchand Mangaldas advised ICICI Securities Limited, BofA Securities India Limited, Morgan Stanley India Company Private Limited, and Avendus Capital Private Limited (collectively, the “Book Running Lead Managers”) in ₹ 2,000 crore qualified institutions placement of equity shares (“QIP”) by AU Small Finance Bank Limited (“Bank”). The deal is valued at approximately USD 250 million.… Read More +