IFLR1000

IFC/GIC Re16 billion investment in Bandhan Financial Services

24/4/2015
Financial investment
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Re 16 billion

$ 248 million

Completed

24/4/2015

Overview:

  • Bandhan Financial Services has received an investment of up to Re16 billion from IFC, GIC and SIDBI.
  • Bandhan Financial Services is a micro finance institution based out of Kolkata and one of the few entities which was granted an in-principle approval by the RBI to establish a new bank in the private sector in accordance with the guidelines issued by RBI.

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal type:

Financial investment

Practice area:

M&A

Governing law:

India

Industry sectors:

Banking
Financial services

Firms:
AZB & Partners

Party: IFC (Investor)

Khaitan & Co

Party: Bandhan Financial Services (Borrower)

Lawyers: Bharat Anand, Nand Gopal Khaitan

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