Abu Dhabi Commercial Bank (ADCB) has agreed to sell the majority of its banking portfolio in India to DCB Bank as it plans to exit all operations in India. The bank … said the decision “will have no impact on profitability” and is part of its strategy to focus on its home market, the UAE.

— Gulfnews

Bharucha & Partners advised DCB Limited led by a team of partner Alka Bharucha, assisted by managing associate Ayesha Bharucha and associates Aishwarya Gupta and Shreyan Sengupta.

Cyril Amarchand Mangaldas was counsel Indian to Abu Dhabi Commercial Bank on matters concerning Indian law.

2019-09-01

Deal value: INR 480 Crores 24 Lakhs

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