Khaitan & Co Acted on Axis AMC’s Strategic Fabindia Stake Sale to SBI General Insurance
Khaitan & Co Acted on Axis AMC’s Strategic Fabindia Stake Sale to SBI General Insurance
Khaitan & Co, a leading law firm, successfully advised Axis Asset Management Company Limited (Axis AMC) on the sale of its entire stake in Fabindia Limited to SBI Life Insurance Company Limited. This strategic transaction involved the transfer of Axis New Opportunities AIF – I’s holdings in the renowned apparel and lifestyle brand, signifying a significant shift in investment dynamics.
“We are delighted to have guided Axis AMC through this intricate transaction,” stated Vineet Shingal, Partner at Khaitan & Co. “Our team’s expertise in mergers and acquisitions, coupled with our deep understanding of the Indian market, played a pivotal role in ensuring a seamless and successful outcome.”
The Khaitan & Co team, led by partners Vineet Shingal and Tanushree Bhuwalka, included Devaditya Chakravarti (Principal Associate), Vedika Agarwal (Senior Associate), and associates Shriya Kamat and Shreeya Agrawal. They provided comprehensive legal counsel to Axis AMC and Axis New Opportunities AIF- I throughout the transaction, covering negotiation, finalisation of documentation, and closing procedures.
Ashish Ahluwalia, Director of Private Equity at Axis AMC, lauded Khaitan & Co’s role in the deal. “Their astute guidance and legal acumen were instrumental in achieving a seamless transaction that serves the interests of both parties,” he remarked.
This deal highlights Khaitan & Co's well-recognised prowess in managing significant mergers and acquisitions within the Indian market. Their specialised knowledge in the financial services domain, coupled with a steadfast dedication to client fulfilment, establishes them as a reliable consultant for clients both locally and globally.
