Cyril Amarchand Mangaldas Advised Warburg Pincus LLC On ₹4,630 Cr Acquisition Of Shriram Housing Finance Ltd.
Cyril Amarchand Mangaldas Advised Warburg Pincus LLC On ₹4,630 Cr Acquisition Of Shriram Housing Finance Ltd.
Cyril Amarchand Mangaldas (CAM) advised Warburg Pincus LLC in its 100% acquisition of Shriram Housing Finance Limited (SHFL). Warburg Pincus has finalized a definitive agreement to purchase approximately 100% of Shriram Housing Finance for INR 4630 crores. The selling shareholders include Shriram Finance Limited, Valiant (a private equity investor), and certain individual shareholders.
This signifies Warburg's most substantial investment in India, focusing on SHFL, one of the nation's leading affordable housing finance firms. SHFL is registered with the National Housing Bank (NHB) and offers retail loans. CAM played a pivotal role as legal advisors to Warburg, conducting thorough legal due diligence and supervising the drafting, negotiation, review, and finalization of the share purchase agreement and other pertinent transaction documents.
The General Corporate team of Cyril Amarchand Mangaldas advised on the matter. Heading the transaction team were Shishir Vayttaden, Partner, and Aditi Singhvi, Partner, supported by Reeti Agarwal, Senior Associate, and Suyashi Mishra, Associate.
The team received additional support from Associates Pranav Sharma, Shanthan Reddy, Devanshi Gupta, Alena Jamal, Dhruv Jain, Aanchal Jain, Isha Tandon, Chelsea Sawlani, Parikha Rathi, Simran Doshi, and Sparsh Mallya.
Subhojit Sadhu, Partner; Apoorv Jain, Principal Associate; Chahat Gupta, Associate; Mansi J, Associate; and Sanyam Agarwaal, Associate; Provided Counsel on Financing-Related aspects of the transaction.
Abe Abraham, Partner; Anna Thomas, Principal Associate; Sonam Ambastha, Associate; and Rachita Shah, Associate; Provided Counsel on Employment-related aspects of the transaction.
Anirban Mohapatra, Partner; Anoushka Soni, Associate; and Mansi Jain, Associate provided guidance on Intellectual Property-related aspects of the transaction.
Avaantika Kakkar, Partner & Head Competition Law; Dhruv Rajain, Partner; with support from Shivani Sathe, Senior Associate; Vanya Agarwal, Associate; Riddhiraj Sehgal, Associate; and Pushkar Singh, Associate advised on competition law related aspects of the transaction.
Bharath Reddy, Partner; Abhishek Jain, Associate; and Digvijay Singh, Associate; Advised on Employee Stock options related aspects of the transaction.
Indranath Bishnu, Partner; and Niyati Dholakia, Principal Associate; Advised on insurance related aspects of the transaction.
The transaction was Signed on 13th May, 2024.
