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.
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.
