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Oct 05, 2023

Jefferies India Private Limited (“Broker”) on the sale of 278,690,000 equity shares by Cloverdell Investment Ltd

AZB & Partners advised Jefferies India Private Limited (“Broker”) on the sale of 278,690,000 equity shares by Cloverdell Investment Ltd (an affiliate of Warburg Pincus) in IDFC First Bank Limited, representing approximately 4.20% of the total paid-up equity share capital, aggregating to approx. INR 24.80 billion. The sale took place on the floor of the stock exchanges via the screen-based trading platform.

The AZB team advising the Broker comprised our Senior Partners, Varoon Chandra and Lionel D’Almeida; and our Counsel, Rahul Aggarwal.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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