The Life Insurance Corporation of India (LIC) proposed acquiring a 51% stake to take control of IDBI Bank, according to reports.

Cyril Amarchand Mangaldas advised IDBI Bank Limited led by a team of partners Amey Pathak and Ravi Kumar.

Update 9 January 2019: Shardul Amarchand Mangaldas advised Life Insurance Corporation of India led by a team of executive chairman Shardul Shroff, partner Sapan Gupta (national practice head, banking & finance), partner Yogesh Chande, partner Ambarish and associate Kanwardeep Singh. principal associate Faraz Khan, senior associate Gaurav Malhotra, and associate Paavni Anand also assisted with various aspects of the transaction. The banking team included partner Soummo Biswas and senior associate Meenakshi G. The competition team consisted of partner Shweta Shroff Chopra, partner Gauri Chhabra, associate Kajori De and associate Srilatha Jayaraman.

Also advising was accountancy firm Chokshi & Chokshi LLP.

2018-10-04

Deal value: $ 4.4 billion

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