We serve a wide range of clientele, and every client relationship is valued greatly. Each engagement benefits from the depth and breadth of our expertise.
The Partners and members our Firm are senior professionals with years of experience behind them. They bring the highest level of professional service to clients along with the traditions of the profession, integrity and sound ethical practices.
Our team of professionals comprise of Legal Counsels with rich experience in Civil and Criminal Law, Taxation Law, Copy Rights and Intellectual Property law.
We also have on board Chartered Accountants who have specialized in Taxation, Project finance, Share Valuation and Company related work.
Updates from Managing Partner
1) FEDERAL BANK VENTURES IN TO INVESTMENT BANKING
The Board of Directors of Federal Bank has approved acquiring a strategic minority stake of 26% in Equirus Capital Pvt. Ltd. (ECPL) subject to statutory and regulatory approvals and satisfactory completion of financial and legal due diligence.
The Investment rationale has been driven by the need to increase the product offerings to a spectrum of wholesale clients by offering comprehensive financial solutions for Debt & Equity Capital Markets, Structured Finance, Capital Market products and Advisory.
The association can also aid Federal Bank in offering a host of products including wealth management services to HNI and the NRI diaspora.
The strategic tie-up would help shore up non interest earnings for the Bank while creating additional revenue streams with identified clients.
2) National Housing Bank (NHB) has approved the merger of the company along with Capital Home Finance and Capital First Securities Limited with IDFC
The Merger of IDFC Bank with Capital First Home Finance Limited and Capital First Securities Limited (collectively, the ‘Amalgamating Companies’) have been approved by National Housing Bank(NHB) and are now awaiting its final approval from the Reserve Bank of India and other statutory and regulatory bodies.
With this merger, the bank is set to create Rs 88,000-crore combined entity. The new entity will offer a distribution network consisting of 194 branches, 353 dedicated banking correspondent outlets, more than 9,100 micro ATM points, and will be catering to over 5 million customers.
IDFC Bank and Capital First began the journey to realise their ambitions when they announced a merger to form a combined entity with assets under management of Rs 88,000 crore.
3) InvIT IndiGrid makes first third-party acquisition for Rs 2 billion
In a first for the country, Infrastructure investment trust (InvIT) IndiGrid has acquired a partial stake in Patran Transmission for Rs 2.32 billion, making it the first third-party acquisition by an InvIT.
In addition, IndiGrid has also acquired three assets from its sponsor Sterlite Power Grid Ventures for Rs 14.10 billion.“IndiGrid has completed the acquisition of three assets — RAPP Transmission Company Limited, Purulia and Kharagpur Transmission Company Limited and Maheshwaram Transmission Limited (MRP) from its Sponsor — Sterlite Power Grid Ventures Limited.
The purchase consideration for the three assets is Rs 14.10 billion.The three assets include five transmission lines aggregating 1,425 km, awarded on the perpetual basis on a Build, Own, Operate and Maintain model through competitive bidding. The residual contractual life is about 34 years and these inter-state assets operate under the Point of Connection mechanism.
With the latest acquisitions, the present AUM for the InvIT stands at Rs 53 billion for six projects.
22 February 2018
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