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  • Connect
Oct 23, 2024

Lendingkart Technologies Private Limited and other group companies, in connection with the proposed acquisition of an additional and controlling stake by Fullerton Financial Holdings (wholly-owned subsidiary of Singapore’s Temasek).

AZB & Partners is acting for Lendingkart Technologies Private Limited, Lendingkart Finance Limited and its promoters, in connection with the proposed acquisition of an additional and controlling stake by Fullerton Financial Holdings (wholly-owned subsidiary of Singapore’s Temasek), following regulatory approval. The investment will include a capital infusion of up to INR 252 crores, allowing Lendingkart to improve its technology and expand its reach in underserved markets.

Our equity team on the transaction comprises our Senior Partner Nandish Vyas, Senior Associate Anshuman Bharadwaj and Associate Bhanu Prakash J. Joshi, supported by Associates Rishav Sen and Avani Laad. The financial restructuring aspects were led by our Partner Suharsh Sinha, with support from Senior Associate Rishiraj Baruah and Associate Jay Kothari.

AUTHORS & CONTRIBUTORS

  • Partner:

    Nandish Vyas

    Suharsh Sinha

  • Associates:

    Anshuman Bharadwaj

    Bhanu Prakash

    J. Joshi

    Rishav Sen

    Avani Laad

    Rishiraj Baruah

    Jay Kothari

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DISCLAIMER

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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