On Monday, the Competition Commission of India (CCI) tweeted that it had “received the first green channel combination pertaining to the acquisition of the Essel Mutual Fund by an entity forming a part of the Sachin Bansal Group.” The green channel is a speedier approval route for mergers and acquisitions. Under this process, the combination is deemed to have been approved upon filing the notice in the prescribed format.

— Mint

AZB & Partners advised Navi Technologies Private Limited owned by Sachin Bansal, led by a team of partners Anu Tiwari, Vipul Jain, Samir Gandhi and Aditi Gopalakrishnan, senior associates Apeksha Mattoo, Aditya Alok, Tanya Pahwa and Gaurav Bansal.

2020-01-24

Deal value: Confidential

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